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We had a hail storm move through the area last Saturday. I had one rental get hit bad. Roof is trashed, vinyl siding on one side of the house has about 200 holes in it. Another two rentals need new roofs, but ha...
Let me preface this by saying my ultimate goal is asset protection- that is my #1 priority. Now, moving forward I have an umbrella insurance policy, and will be opening an LLC for my current rental property. At ...
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My wife and I are just getting started in REI. We live in PA and established an LLC here earlier this year in anticipation of buying investment properties. We figured we should get one established, but the tricky th...
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I need accounting advice. I apologize in advance for the wordy post, but would appreciate if anyone has good ideas.
I recently started using Rentec Direct (property management software). It tracks income and expenses...
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Hello,I am wondering what is the best route to take if I am trying to form a partnership between myself, my dad, and my uncle. We will be starting off with flips, then possibly B&H. They will be bringing the cash,...
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i have just bought my condo in atlantic city, I have been renting 5 years. do i need certificate of occupancy if i been living here.the building 1927.it was inspected 2018 by city and cleared. i have all that is need...
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Accept rent payment from one person only!The most common reason landlords terminate a tenancy is for nonpayment of rent. If a tenant does not pay the rent before the end of the day it’s due, a landlord can immediately...
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We (husband and wife) are about to acquire rental property and form our first LLC. From an asset protection perspective and a tax perspective, what are the advantages and disadvantages of choosing a member-managed vs....
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Many have the perception that they Must own properties in an LLC, for protection of their other personal assets, from that super duper lawsuit they're going to lose, that's for more than their insurance limits.Thought...
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Hello everyone, and hope all is well. Just wanted to introduce myself. I am a property manager for my family real estate business, but will be looking to purchase my own "buy and hold" investment properties (outside o...