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...
Tony Sierra
Doing business under an LLC
I was speaking to a friend who owns a few single family rentals. He has an LLC for his business but he stated that he does not have his properties in the LLC, he financed them and holds them in his name. I hear all ab...
Aaron Moayed
Things to look for rental property insurance
What are things I should be looking for/paying attention to for rental property insurance (dwelling, liability, loss of income wise)? Just wondering if insurance agents try to exclude important coverages that may be u...
David Powell
SWITCH PROPERTY TO LLC OR KEEP IT IN MY NAME?
Hello family I bought my first property under my name, should I switch it over to an LLC or keep it in my name along with future purchases? I've heard that doing this could cause problems with your mortgage and insura...
Justin Fenlon
DBA or LLC with a different flair... maybe?
I am up to 4 investment properties all personally held (i.e. not in an LLC). I understand the risk to that and feel as though I have accounted for that in my insurance planning. My goal is to start paying those down...
Jared Hauf
Taxation for LLC / Personal
I have one rental property that is under my personal name. I'd like to buy a second and put it under a LLC. My question is, since I've never ran a business under a company name, how do the taxes work? Will my LLC pay ...
Travis Weitthoff
Earnest Money in an LLC
I'm buying property from an LLC. The LLC has two people in it. There is one person acting as authorization of power for the LLC, and he should be the only person within the LLC that should get the earnest money shou...
Richard Okagbue
Insurance for rentals and vacant properties deeded to LLC
Several real estate properties in KCMO owned under LLC, most are rented already, we typically buy a vacant house, spend 6 or so months to rehab it from top to bottom, then rent it out. Now we have a problem of getting...
Jennifer Salazar
Verify Employment
Hi- Whats the best way you have found to verify employment/salary? I did a mock background check (via smartmove) and it didn't pull up my current employer of 4 years.So I expect this might happen with a potential ten...
Christopher Tyler Hughes
Building Business Credit
Hello Everyone,I'm sure this question has been asked multiple times, but I need advice on building business credit. Before starting my real estate business several months ago I had an excellent credit score, and we us...