My boyfriend and I are closing on our first property soon which is a duplex where we will be living in one side and renting out the other. I am stumped as to if it is worth it to get a business bank account or just op...

I have a tenant that left last October after being in the property for 5 years and there was damage in the property. I was very reasonable about assessing damage and made sure to prorate everything based on useful lif...

Hey guys how are you guys collecting rent right now

Hi All,So I am a very small time landlord and I use Apartments.com (formerly Cozy) to collect payments. This morning I got an email saying that they want my SSN to report any income I get over $600 to IRS. I have alwa...

Hi everyone!  I am currently forming a NM LLC, but live in NY.  Let's say I purchase (performing or non performing) bank notes from a lender in Illinois.  Do I then register my LLC in Illinois?  I've looked for this i...

I have a new business my family is creating for real estate investment. We are going to focus on small multi-family first, and then  get into large multi-family. Where is the best state to open an LLC for this purpose...

I've got a tenant that moved out 3 days after their lease ended.  There are some damages, amounting to around $600, plus a fee of $250 for not leaving the property till day 3.  ($100/day, and $50 for a half day.)  All...

Hello, I just purchased a fourplex in Inglewood CA.  I'll be living in one, my mom in another, while the two others will be STR.  I'm wondering if anyone has any advice on how to proceed from this point as we will be ...

Does anyone use Stessa for collection of monthly rental income? What program do you use for rent collection? (automatic late fee generated program)

Here is a hypothetical situation -

I hold a 1st lien position note secured by commercial land. Let's say the land is worth $ 4,000,000 so LTV on note is 50%.
The note is a 5 YR Balloon, I/O due in 5 YRS the amount i...