Ben Coppola
LLC in California when managing property yourself
I have a rental property in California that I currently manage myself. I am trying to decide if it should be placed into an LLC for increased personal asset protection, versus only having an umbrella insurance. I hav...
Curt Bixel
STR contract language - is this normally included
I am considering putting a duplex under management by a short
term rental company. The contract they sent me contains the following
clause:
b)
Indemnify, defend, and hold harmless the Agent, and all persons in...
Eve W.
If the rental property is under my name, can I collect rent under the LLC business account?
The deed is under my own name since I am personally liable for the loan.
Can I have my tenant make the rent payment into my LLC business account? thanks
Ronald Buzzetta
Accounting Software to manage Rental Properties
Hi - I need to purchase an accounting software to manage rental properties. My accountant recommended Quickbooks. Any other recommendations out there that may be better/easier to use?
Eve Oliver
LLCs and Business account
Hello- I have created 2 LLCs for my 2 rentals that mean I have to have 2 different bank accounts? or I can have just one bank account that can hold all the LLCs. Any suggestions?
Matthew Fitzgerald
Setting up Accounting for first rental
Hey all we are closing on our first deal and I was wondering how to set up the accounting to benefit me the most.....
Some info I think may help...
We are buying out of state, so we are using a property management c...
S Yu
Separate Bank Account for Rental Activities?
Hi all
I'm closing on my first property today a 3-family unit. I was wondering if I should set up another personal bank account for all activities. I'm going to be depositing my checks and if there are repairs I'm go...
Art Maydan
Being Paid Through LLC vs. Personal
In addition to property management, I do hourly work for a rehabber. Would it be better for them to send a 1099 to my property management LLC or to my personal name? Both are justifiable since I end up managing the ho...
Bart Lucas
Type of LLC
I currently own two SFR as long term rentals that were bought under mine and my wife's names. I am looking at starting a LLC both am confused with a member managed or a manager managed. My CPA says a single member LLC...
Casey Spivey
My Business Plan and Ideas. Feedback Encouraged!
For 2012 I have decided to move from investing on my own to building a full time investment company. My vision is to have six separate departments that will each be headed by a separate person. The divisions would be:...