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Standard structure is a % of 1st months rent for a PM to place a new tenant. Included in this fee would be any agent commission if the tenant was represented by an agent. If tenant finds property through many of the...
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My partner and I currently own what essentially amounts to a number of rental properties, a construction company, and a property management company all under 1 LLC. What we are looking to do is have several LLC's est...
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LLCs are not the magical barrier to personal lawsuits that many believe. The same is true for closely held corporations. There seems to be a common misconception that putting REIs into one or more LLCs will protect th...
Hi There!I own a commercial building with 1 partner in OR. We are looking to sell, and I am hoping to 1031 my share of the sale but my partner is not. Currently we own the property through a shared, two member LLC.In ...
to make a long story short, i had tenants move out the week before i bought the building and they lived in filth..even my contractors didn't want to go in there, it smelt so bad..there were roaches everywhere. i had ...
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Google the foreclosure implications of being a debt-holder in second position, and you'll find a bunch of articles explaining that if the house sells for less than what is owed, the person in second position gets scre...
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I'm selling a property (land) and would like to defer taxes. I've been doing some research on 1031 and do not know if I even would qualify. One thing I have read is that the title must mirror one another (sale and new...
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Hello BP community,
I'm interested to learn what most investors do with the portion of rental income commonly set aside for cap ex, repair, and vacancy costs.
Does it go straight to the bank? Invested in CD's or a ...
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Hello, I am a newbie landlord and is wondering how to verify income for self-employed people? Tax return? Please advise!