Justin Walters
LLC Created in 2022; Need a New one Now...Now what
This question requires a little background.Current LLC has four equal partners, each 25% ownership. For this example, we will call this LLC Homer, LLC. Homer, LLC currently holds five properties. One has a traditio...
Kelly Vandever
Medium Term Rental Advice on Data I found in Furnished Finder
Hi.
I'm a licensed agent in Alpharetta, Georgia (north Atlanta metro area) considering my first investment property and I'm intrigued by the Medium Term Rental market. (Pre-ordered my copy of 30 Day Stay ;0)
Using ...
Benjamin Sol Ignacio
W2 --> 1099 : Real Estate Professional - Tax Status - Does it make sense?
Good Morning!I currently work in Land Development as a W2 employee making $200k+ a year. I had spoken with my previous CPA about possibly becoming a 1099 for my current employer to achieve Real Estate Professional sta...
Patrick GRibbin
Hiring a property manager
Hey guys I was wondering if I could get advice/suggestions on questions I need to ask a property manager before hiring them. My partners and I purchased one last year that we are self managing at this point but we wan...
Gail W.
Messy tenants now have rats INSIDE
My tenants (12 guys- a Sober Living home) told me rats were in the garage...where they keep 5 fridges. On inspection, I saw there was a lot of food dribbles and spills from the fridges and the outer door was left open...
Jon Fletcher
Depreciation and Passive Losses
I read a lot here about people having passive losses or paper losses once depreciation is factored in. But depreciation for a residential property is only 3.636% each year (27.5 years). I know this is a good problem t...
Alyssa Lebetsamer
Who determines if we have a mold problem?
I have a tenant writing me to say that she has mold growing in her attic. She sent a picture and it doesn't look like mold to me. It looks like paint splatter. I have my handyman going out there to work on some issues...
Benjamin F.
Recommendations for Cleveland home inspection
Would anyone have recommendations for home inspectors in Cleveland?
Bill Gulley
HOW TO USE THE TELEPHONE IN RE
Just saw another thread about asking a question on the phone, thought this might help people get past the cill and break the ice for cold calls or calling on sellers or buyers about a property.
So, ring, ring, ring, ...
Kwame Knights
House hacking Tax write off
i'm under contract for a Single family (1600 SQ FT) and it has a existing detached two car garage (800 sq ft) that i'm planning on converting into a in-law unit/rental unit. I'm think of using a 203k loan to rehab bot...