Larry Flanagan
How much should I be paying for tax returns?
I have an S-corp that rehabs and I own a few rental properties personally. I turn over my Quickbooks for the S-corp and a spreadsheet for the personal stuff. Its pretty much fill in the blanks for my tax returns. W...
Timothy Metra
Will multiple LLC's protect me if the worst comes?
This may seem like a new question, but I couldn't find a specific answer on older posts. Sorry if I missed it.Anyways, if I have 3 separate LLC's and one fails, will the other 2 be protected?Example:LLC 1: Worth $45,0...
Don Konipol
My Airbnb Disaster! Be;ow
Well, before I go into that, I will tell you that I’ve been on both sides of the STR equation. In 2015 my daughter and I ran a company in NYC that rented apartments on 12 month leases and then “Airbnb” ‘d them from 1...
Mindy Jensen
4 bedroom house - what is the best bed layout?
I'm prepping for my first AirBnB and want to get your advice on the best bed plan.
4 bedroom house, one queen-sized murphy bed in the upstairs bedroom. (Upstairs is a bedroom, 3/4 bath, and living space)
2 bedrooms...
Jack B.
Anybody ever done an irrevocable trust?
So I'm considering retaining an attorney to create a Wyoming Irrevocable Trust to protect some of my assets.
My rental properties are mortgaged so I can't put them in there, but I want to put money in an account in t...
Elisha Keller
Progress through NACA!
Hi Everyone! It has been awhile since I've posted. I took a few steps back and really thought about real estate and how it would fit into my life. I was tossing around the idea of a multifamily home vs. single f...
Jacob Murry
Purpose of an LLC on multi-family
Hey Everyone, I have a pretty general question about LLC's. I've read several articles weighing the pro's and con's but I'd love to see BP members thoughts on these questions. I've been advised to open an LLC for each...
Kate Horrell
Is This Tenant Worth The Effort?
Good morning, everyone! I have a longish and frustrating situation, and I'm looking for appropriate and tactful ways to handle a situation.The property in question is not near my me, but I self-manage from a distance...
Matthew Steele
Tenant moved out sort of?
Hi I posted in the past about this tenant, but anyway no payment for January gave 14 day pay or quit in mid January, she said she left but left some of her stuff, her husband called me (they are getting divorced), sai...
Nate Fanara
Totally lost on creating LLC
Hello,I currently have 1 rental property (this may go up very soon) located in Ohio, I live in AZ. I have done a lot of reading about the benefits of an LLC. My main reasons for wanting one are the protection it provi...