Patrick M.
Business Account or "Business" Account with Bank
When opening a separate account at the bank for rental deposits, rent, and expenses are you opening an actual business checking or are you opening a personal/general checking and calling it your "business" account. K...
Brent Blaha
2019 Schedule A and Schedule E figures for three properties
Apologies in advance for the lengthy post.On 1 January 2019 my wife and I owned our primary residence and a rental property a three hour drive from our primary residence. That is the last day I think I fully understo...
Ravi Kiran
Phoenix - Refinance SFR without seasoning period
I just bought an investment property in Phoenix with the plan of BRRR. It’s fixed up, am looking for a local lender who could refinance it based on Appraised value without seasoning period, instead of Purchase price.M...
Account Closed
Can I change name on a 1031 Exchange?
If I sell my relinquish property under my name and I do a 1031 Exchange also under my name, can I change my 1031 name into a LLC without a penalty? Should I put my requish property under LLC before I do a 1031?
Sami Gren
Tenant wants landlord to pay for damaged small appliances
Someone asked about this interesting phenomenon. he had a roach infestation in his rental building, and he did call an exterminator to treat it.one tenant though is claiming that a toaster and microwave got infested a...
Jeff B.
Asset Protection vs Piercing the Corporate Veil
Asset Protection & Piercing the Corporate VeilWe've all heard of Asset Protection and the suggestion is typically to create an LLC and hold title in that legal entity. In and of itself, this can be a major hurdle ...
Rabinder Gill
Need Help in setting up LLC for Rental Properties Dallas Texas Area
Hello,
I need help in setting up an llc for a few rental properites in the DFW area. Please contact me. THank you
Account Closed
Difficult tenant move out- recommendations?
Hello,My tenants who I have already gone over and beyond for (my fault and learning experience) decided that their lease ends on the 1st and not the 31st of the month without notifying me. This is causing me issues be...
Scott Anderson
Should I hire a tax advisor? first time filing taxes with an LLC
Last year I began investing in real estate and will need to file taxes for 2019. I have an LLC with 2 single family homes that were both purchased in 2019 and used as buy-and-hold rental properties. Since this will be...
Rose Parc
How to file Sch E when moving rent to LLC mid year
Hello - My rental property has been rented for most of last year. In the middle of the year we moved it from our personal names to an LLC. The LLC was opened up in both my name and my husbands. Do we file one LLC and ...