I am managing a condo in Santa Ana, CA. In Santa Ana, it is common for the tenant to sublet the rooms out to other tenants. Although this is not technically legal, the police know the whole city does this and they t...
Hi Everyone,We have been planning to move the ownership of our rental property into our LLC for tax reasons and to protect our personal assets. However, our lawyer has informed us that it could be problematic because ...
I have been renting out a small bungalow on my property. I have always claimed my rental money with the IRS to keep things honest. My present tenant gave me notification she is moving out on November 27th even though ...
So a few months back on a different thread @jorge ruiz brought up this idea and I was curious if anyone has does this or if it's possible.You create an LLC. You buy a home. Your LLC gives you a loan for the home. You ...
Financing my first flip with a solid GC project managing start to finish. While I have the time to manage the backend accounting and organization of paperwork, what will a good bookkeeper take off my hands? I'd rather...
I am looking to rent out an apartment in Newark, NJ to a section 8 tenant (my first time). Does anyone know exactly how the fair market rent value is determined? Is it done independently by an appraiser - or can I sup...
I've been reading the forums for a while, but never posted. My in-laws told me about a situation they are going through and this was the first place I thought to post to seek advice. I just heard about this this morni...
I was wondering how you would really know, if an offer has been submitted. About 5 mths ago I had looked at a property listed at 29000 it needed a lot of work. But the comps in area would of been well worth the work, ...
Hi everyone,Does anyone in the South Jersey area have a recommendation for a good collection agency?I had to evict a tenant who owes me about $3,000, and even if I don't collect, I want them to chase this person down ...
So I finally started my real estate journey back mid-summer....I found a local property on Auction.com and drove by to check it out - decent neighborhood, vacant, and didn't appear to be in too bad of shape. So I wen...