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Hello Everyone, I have a quick question about how to set up a company structure when dealing with managing properties in multiple states. I have a property management company established in Maine (where 90% of my rent...
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Dumb question but I am new to this and wanted to get some feedback. When doing a rental property analysis I have items such as repairs, CapEX, and Vacancy. When you actually collect the rent and pay the monthly expens...
I have a duplex rental and a single family rental. I need to learn how to keep the money separate and set up the bank accounts for that.
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Hi BP,Started picking up rentals late last year and have 1 Condo that is currently rented. I will be picking up another 12 rentals this month and likely a few more by years end. My condo currently is under Company ...
Hello all, I am a newer member of this site and have a few questions about starting off. Currently I am in my last year of school and will hopefully have a career starting next Summer. I want to get my loans paid off ...
My brother and I are looking to buy our first deal. We want to partner on this first one and on some but not all future deals. To give a background he is 22 and about to be earning stable income in the Navy by the end...
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I had changed accountants between 2013 and 2014. The new accountant is insisting that I need to file a schedule C instead of a schedule E. In my opinion, I thought that continuing to use a schedule E would be the way ...
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Hello,
I'm reading Avery Carl's book "Short-Term Rental Long-Term Wealth" and she mentions setting up a designated business account and making housekeepers fill out a W9 and paying them through direct deposit or an o...
Hello All,I just recently graduated college in May and have moved into the Philadelphia area (Center City).I am currently working right in the city and have leased out an apartment with some friends until June of 2017...
Negotiate from a Position of StrengthThe old “Poor Mouthing the Offer” which some buyer agents still recommend is an outdated & flawed strategy, especiallyin a seller’s market....