I have recently gotten my first property rented. I have kept track of all my expenses so far. I am curious which QuickBooks works best for buy and hold properties and brrrr properties whether QuickBooks self- employed...
Hello all, this is my first post on the forums and I'm brand new to the whole real estate realm. Looking for suggestions on what you would recommend going forward in this situation.BackgroundI am moving back to my hom...
Hello All,[I know this might be best for an attorney but before I go and find one, thought I'd ask the community in case someone has had this similar scenario.]I am planning to buy a multi-unit (2-3) and have been ana...
Hello BP forum,My short term rental property management company has started acquiring customers and we're looking for legal and accounting advice regarding asset liability and STR taxation laws as they would apply to ...
I have both Condo's and SFH's as investments. I tend to like condo's better because they require less maintenance. The HOA fees can reduce cash flow but SFH's require a lot more maintenance such as lawn care, paintin...
The new budget proposal would raise property tax revenue by 8% -- the highest cities are allowed without voter consent. Luckily starting the next year, a new state law limits the amount cities can raise property tax r...
I have a few rental properties that I invested in prior to getting married. My fiance and soon to be wife has an LLC for her investment properties. If she is to manage them, and I pay her, can that income be deducte...
My mom owns a rental on her name (its 100% paid, no loan). If she transfers title to LLC (owned by her), can someone verify the following pros and cons? Pros are the (1) tax savings (through depreciation, repairs etc....
Exploring LLC formation to potentially manage 3 family-owned investment properties in the Austin, TX area. Do Texas property managers have to remit sales tax to the State Comptroller's Office? I've reviewed the Taxa...