Justin C.
Tax question regarding receipt filing and record keeping best practices
Hi BP, I have 2 rentals that were acquired over the last 6 months... Property #1 closed Dec 2014 and was officially on the market May 1st 2015. My tenant just moved in. Property #2 closed mid Feb 2015 and should be...
Mehul Parekh
Direct mail best practices for a licensed real estate investor
Hi all,I am an investor who has a real estate license in NC. I am considering doing a direct mail campaign to continue to build my portfolio.I am in a dilemma - I was wondering if people in this situation market thems...
Emil Pinlac
Nailing the Basics: Best Practices to Increase Value of Home
Hi Everyone - I'd love to hear everyone's tips and tricks when it comes to increasing the value of your investment home - either for aspiring tenants who want to live in your property, or in a modest "flip" sale situa...
Bhanu Kuna
Best practices to find investor from friendly real rate agent
Does anyone have any tips on finding an investor friendly agent? I'm starting the search in the Philadelphia area and Cumberland County and I'd in trying to figure out the best way to find one. Is it just a matter of ...
Aiyman Khan
How to practically make a distribution in an S corp
I am trying to figure out that how will the actual draw for a distribution be made? Would it be mage through a W-2 paycheck as bonuses, or a separate check/bank withdrawal, or paid at the end of year etc... Also I wan...
Rabih El-Khoury
Partner Wants Out of a Property: Fair Business Practice Exit?
$126,000 property purchased by three partners, each putting the same amount of $42,000. Each partner holds the same number of shares, therefore.
All cash inflows and outflows have been split 3-way.
One of the part...
Tony Moreno
Best practices for newbies starting from zero in Real Estate?
Hi guys, thanks in advance for all those that respond!
My name is Tony, I am new to the real estate business and I am amazed about all the information I have been learning from BP in the last 3 weeks. I've been readi...
Sandra Reid
Systems for buy and hold rentals – please share best practices
We currently own and manage one rental property and the tenant pays us via Venmo and we use excel to track expenses. As we scale our portfolio, we want to make sure we have good systems in place for accounting, tenant...
Rick C.
Best Practices for Maintaining the Corporate Veil of an LLC
I own several rental properties in an LLC. The LLC has its own bank account/credit card which are only used for those properties, any bills/contracts are always signed with "Manager XX LLC" next to my name, etc. Are t...
Kimberly Kesterke
For all you landlords renting by the room- Best practices???
Hello Landlords!!I have a 3 bedroom property that I think would be great to rent by the room- however up until now, I've pretty much gone the traditional routes of renting. I wanted to see if I could collect a few bes...