What is reasonable wear and tear?  I have a 2 year old buy and hold.  I painted the entire interior and had new carpet put in.  The tenant was there for 2 years.   They patched the wall holes and left the white spackl...

Hi, I'm a new landlord renting out my townhouse and I've just provided my first tenants with their accounting of the security deposit.  The tenants are upset because of the amount I've withheld.  Here are the basic fa...

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I've been told and read that when forming an s corp owners must be paid a reasonable salary and can't just let all of the money pass through and be paid as a dividend...

Hey Guys,So I found this property online and it sounds promising. Its in 2312 Van Buren St. and the area is pretty good as a bachelor pad. Its a 1/1 and looks like a decent place for someone who wants the South Beach ...

I understand as a shareholder of an S-Corp you are supposed to pay yourself a reasonable salary for work performed on behalf of the business. You cannot pay distributions until you first pay yourself a salary.

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My husband and I have been searching for homes, we found one that we both really liked. We liked it so much that we went to see it twice and even contemplated on making an offer. After talking about it a bit more we d...

Hi everyone.I own a property (duplex) in Little Rock. I got an estimate for installing a french drain and water guard with a sump pump. The total amount is $6,650! The price for just the sump pump seems a lot but I am...

I am heading up a group investment project in a storage unit facility. We will need a detailed and customized LLC and Operating Agreement. I spoke to an attorney who provided free initial advice and charges $1499, all...

Hi BP,We are out of state investors looking to buy our first property in Indianapolis or Columbus. Been having trouble finding properties that cash flow, so I’m wondering if our assumptions are part of the issue.I use...

Hi everyone. I own a property (duplex) in Little Rock. I got an estimate for installing a french drain and water guard with a sump pump. The total amount is $6,650! The price for just the sump pump seems a lot but I a...