If I own a property under a LLC and pay myself 10% of the monthly rent, which would add up to more than $600 per year, do I have to send myself a 1099 for being the property manager even though I am the sole owner of ...
I have a contractor who is also a friend but he is over charging me about 20 to 30% over other estimates. I used him for many projects in the past and very satisfied. Also, he is my go to guy in case fixing is neede...
Hi everyone, I recently purchased a duplex that I plan to house hack. I'm going to be living on the 2nd floor and rent out the 1st floor unit. We have a shared basement with 1 washer and 1 dryer that we share. my prob...
I read a business plan for multi-family properties and I had a question on use of LLCs. It recommends you have one LLC for the PM and then a separate LLC for each property.
If so, I'm wondering to you handle that...
Hello Everyone, I am looking into setting up an LLC and would like some advice on how I should approach this.
Here is my situation:
Currently I own 3 properties, (2) 1 families and (1) two unit. All are in my name....
Hello Everyone,I started investing in single family a little over a year ago. I'm now wanting to purchase a small multi-family property of maybe 8 or so units. The property manager I use for single family has said the...
The short. Potential income stream from tenant electricity. Install solar for say .15 kwh. Sell to tenant for market. So cal edision low tier is .26kwh. .09 kwh profit. So if a rental uses 10,000 kwh. Thats a $900 inc...
I live in Florida, and am widowed. We had owned 4+ single family homes, which are rented out. I used the money from the life insurance policy to pay off the rentals. I have set up a trust and have an umbrella policy ...
What does the law say about Service Dogs? Do owners and / or associations have to accept tenants who have them? I am in Miami, Florida.
Anyone know a GOOD PM in Tucson Area? Please send them my way.