Andrew Pappas
LLCs, asset protection, and taxes for rental properties
I've read a lot about the asset protection plan of buying a property in your personal name with conventional financing, then quit claim the property into their LLC. My property manager told me he's seen people do thi...
Casey Parish
Looking for some input on a commercial deal
Hello all,I am structuring a commercial deal and bringing on outside investors to create a partnership. I am a 15 year construction vet slowly converting to real estate investor so this part is new to me. Deal Struct...
Mary Jay
What is the proper way to
Can you guys help me out with this?I know that the rents deposited into my LLC bank account can not be just transferred into my personal bank account (Because if I do it then it pierces the corporate veil) 1) But what...
Josh Caldwell
Other than rent, what income streams do you get from your tenants
I make money from my tenants as many ways as possible. I have coin op laundry in the unitsI make money on credit repair for tenants.I make money on the utility bill for my tenants. This one is my favorite. I have som...
Kyle Meyers
1099s
As I understand it, 1099s are required for anyone I pay $600 or more during the year for my rental property investing. I have a few questions about the exceptions though.
1. Do 1099s have to be sent to cities or coun...
Peter Morgan
Best place to find paint for the best price
Hello,I am preparing to sell my property coming spring may be March/April 2022 and will be mostly out of station away from my family from January so I would like to get started prepping my home right away while I am h...
Ryan Marker
Separating rental income and expenses
My wife and I have owned 1 rental property for the past 5 years. So far I've managed to keep good records and receipts for all transactions relating to the rental. I'm looking into the best method for me to keep the r...
Nathan Gesner
Tenant wins $17,000 judgment. Landlords, maintain your rentals!
This is a great example of how "saving" a little money by neglecting maintenance can cost you much more in the long run. If your rentals are well maintained, you'll get better-quality renters, they'll make more effort...
Tim Wilderbeeste
How to place property in an LLC
We own four rental properties in central Florida and have had some conflicting views on how to protect them via an LLC. Initially we were going to get a separate one for each, but then a well-known real estate investm...
Raymond Hill
Multi Family Bank Accounts
Hello,I was told that it is important to open up a bank account per rental property. I wanted to know if anyone has done this and if so what are the benefits and what banks are the best to utilize in the New England a...