I live out of state and this will be my first time renting out my condo or any property. I have set my keypad so there’s several one time codes I can give to potential tenants that would like to view the condo. I wan...
If you own several LLCs, what is the best way to pay for tenant screening, credit reports correctly without using funds from your own name? (Unlike buying a bucket of paint with the LLC credit card, this is not someth...
Dear all!Looking for clarity on the situation where a Real Estate Agent licensed in one state but reports income as LLC in another state. Key question, does the LLC need to register as a business in the state where Re...
Hi all,Can/Should a homeowner with housemates claim the income (rent) and a portion of expenses (landscape maintenance, cleaning service, utilities, home repairs) on taxes as a business expense, if it is the homeowner...
As a property manager, my responsibilities extend far beyond simply managing day-to-day operations; I'm also involve protecting the long-term value and profitability of my landlord's investments. Handling home warrant...
When lenders are looking me up for a credit report, will properties under my solely owned LLC show up on my personal statement?Trying to buy a primary but have a lot of rentals under LLC that could make things complic...
Does anyone know how I can report a vendor REO broker that has purchased several of his own assigned assets under an LLC and now has the properties on the market at a huge profit. I was never able to buy any of my as...
What website/company do you use for a background check? I am purchasing my first MTR property in Chicago and do not know where to go to do background checks on tenants.
Hi all,
We rented our place to a couple but one of them became abusive to the other after splitting up. Both of them are on the lease. What is a way to remove the abuser? It is possible that the victim might want to...
Hello All, I have been doing some reading up on how to use 'excessive losses due to depreciation' and of course came across the Real Estate Professional Designation for tax purposes. This is realated to buy-n-hold ren...