Wilson Zu
In Georgia, What the legality to renting out ADU (or guesthouse)?
In some estate in the West such as CA, WA, there are specific rules and overall, it is allowed to rent out a guesthouse (or ADU - Accessory Dwelling Units). Often, the ADU is converted from a garage and rented out as ...
Angela Zaitz
ADU - splitting existing SFR
There was a sun room that was added to the house and I’m planning to have that finished ( insulated and dry walled and vent added) and use that as great room and add a wall to enclose the kitchen to access the back...
Cameron Schmahl
Include water bill in rent?
Hello everybody!I’m in the process of buying my first duplex (which will be my first rental ever) and have a quick questions about utilities.I will be living in the upper unit while I am inheriting and trying to keep ...
Robin Secord
Owner paid utilities (rent all inclusive) - Raising rents after we purchase to cover utilities - Should we steer clear or is there opportunity???
Hi BP Community!In looking at several multifamily properties, I am seeing some that don't have separate meters & the units are rent inclusive. The problem though, is that the current "all inclusive" rents being p...
Chris Koetsier
Transferring Funds between LLC’s
Hi fellow investors,I would like to better understand the risk of piercing the corporate veil between multiple LLC’s. I have 4 separate LLC’s, 3 are single member and the fourth is a 50/50 partnership with my sister. ...
Steve Welsh
Using One quickbooks file for both management and holding LLC's
Hey guys, Quick question. Currently I own two properties (my personal property has a secondary unit that we rent) and I bought a SFH a few months back that we are renovating now and have a holding LLC set up to own th...
Ryan Dyess
Commercial Mortgage Question
If someone is selling a portfolio of a 4plex and 5 plex how does a mortgage company look at that? I know a quad isn't classified as commercial so it wouldn't by itself qualify for a commercial loan. Does that change w...
Kyle Roberts
Banking and Accounting for Single Family Home House Hack
Hi Everyone!I recently purchased my first property, a single-family home in Richmond, VA and am planning to house hack. I'm trying to figure out how to set up the banking for managing the property. I've heard it's bes...
Account Closed
Multiple LLCs, one property manager
For those of you who work with a property manager and hold properties in separate entities -- do you have a separate property management agreement for each entity? Or, do you have one property management agreement tha...
Kevin Burns
Changing the legal description of a property
I saw a duplex that I'm interested in. What I want to do is change the legal description of the property to condo or single family so I can do a lease option on both sides of the property. Does anyone have any knowled...