Dave Younts
How Do You Do Your Daily Accounting? Apps/Software?
So I currently have one rental property. It is under my name and not an LLC, but I plan to create an LLC and quit-claim it very soon (any advise on this would be greatly appreciated).I have been using my personal che...
Oscar Brooks
Challenging Minneapolis Assessor's Estimated Market Value
Hi fellow Minneapolis investors,Has anyone successfully challenged the assessor's valuation of this property? I'm looking for tips because I bought my owner occupied duplex at the end of May 2017 and my 2018 Estimated...
Himanshu Jain
Tips best practices on managing Property Management company
Just wondering if people/property owners have any tips/suggestions strategies that they have used in the past to manage property management company. Primarily to ensure they are achieving the desired operational (leas...
Julie Ferrier
Should I dissolve my LLC?
I bought a house to live in in 2010. When I moved out of state 4.5 years ago, I turned it into a rental property. After doing a bunch of research, I decided to move forward with putting my property into an LLC, as I w...
Patty Nisbet
Mid term renting question
We bought a house in March with the intentions to rent our basment for Short term. We did and it was decent! November and December took a nose dive. We get most bookings on Airbnb. Not many at all on VRBO. Anyway I am...
Sarah Pelton
Checking Account and Business Credit Card Recommendations
Hello! I have 3 LLC's right now--one for each STR. My plan is to open up a separate business checking account per LLC. My questions:1. Who do you recommend for the business checking accounts? Is Bluevine a good option...
Vi Prich
Selling rental to pay off primary
We purchased our primary residence about 1 yr ago and turned our other house into a rental. We are considering selling the rental to pay off our house.
here are the numbers:
Primary: mortgage 470k - 15 yr mortgage a...
Taylor Robinson
Fort Worth, TX Deal Analysis - Newbie
Hi All!As the title indicates, I am a newbie, so keep this in mind as you read my post.I am analyzing a property for a potential buy and hold strategy in Fort Worth, TX. I have never purchased a property before so I w...
Jon Holdman
No income but plenty of cash
More than once someone has written something to the effect "I have plenty of cash but no income on my tax return." Usually in the context of trying to get a loan. I do understand deducting expenses, depreciation, an...
Austin Smith
Best way to run financial operations for landlord business
Hello BP'ers Just wanted to gain insight on how you run your rental business in regards to finance operations. Do you accept rent payment electronically? Did you open up a separate bank account to track income/expense...