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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...
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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...
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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...
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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...
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...
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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...
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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...
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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...
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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...
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So, an answer I received in an earlier post inspired me to focus on Asset protection, but I am stuck on what to do... if you were me what would you select out of the 2 options below? I am leaning more towards the firs...