Rebecca Pantschyschak
Can you run properties as "one business" while in separate LLC's?
I've talked to accountants and tax agents and no one seems to think this is a normal situation, but my understanding from the BP world is that people do this all the time - am I wrong? I want to own my properties in s...
Anthony Spallone
What's the best way to keep finances separate for different units
Hi, I own three properties with eight units (we live in one). The first property has three units, the second property has three units, and the third property is our primary residence with a unit. We have decided to no...
Dexter Cox
Is it necessary to have a separate account for security deposits?
I established a llc and opened a checking account in the llc. My accountant ask if I had another account for security deposits. Is this a requirement.
Thomas Holdstein
St. Pete ADU - Can I rent primary house and ADU separately?
Hi all - I'm looking at an investment property in St. Pete. Neighborhood Suburban (NS) Zoning - so newly eligible for a new ADU build. The property size meets the requirements for NS to add an ADU under the recently a...
Chris Sickler
Do I separate LLC for both my flipping & rental buisness?
I have been flipping houses for 3 years now under my LLC, but was wondering if I should start a new LLC specifically for my rental properties. How does everyone else structure their flips and rentals?
Vlad Krokhmal
Renting out basement in single family home to a separate tenant
Hello biggerpockets,I am trying to understand all the potential *legal* issues I can run into by trying to split a regular single family home that is zoned as such into essentially a duplex with 2 separate tenants, on...
David Jesse
Houses in Florida with separate guest-house/mother in law suit?
I'm looking to buy a house which I can rent out the main house and live in the guest house myself. I see these types on houses in California but I have not found any in Florida. Do they exist in Florida? if so in whic...
Steven J.
Do I need to get a separate 1099 for my incomes?
I was part of a flip this last summer where I supplied some of the funds for purchasing materials. We agreed to do this as a loan at 10% but was a handshake agreement which was paid up. I was working as a contractor/p...
Montero Carney
Is it recommended to have a separate LLC for each business
Should you have a separate LLC for each portion of business? I want to start a online business as well as start a LLC for my property. Is it advisable to comingle them or do you need a separate LLC for each investment?
Lee K.
What are the issues with renting garage apartment and home separately?
I'm considering renting my home and moving. I have a detached garage apartment that I have rented via Airbnb. Can I rent to separate parties? The utilities are included with the house so I know that will likely nee...