I’ve been investing for the last 18 months and have decided to enlist the help of a real estate CPA to help me with tax planning a filing. I currently have 4 properties and a W2, I just got fee proposal back from a CP...
In 2012, my husband and I purchased a co-op apartment in Cliffside Park, NJ, featuring 2 bedrooms, 2 baths, and a stunning New York view for very cheap. Currently, we are leasing the property, generating a net profit...
Last year, we spent $15K fixing a flooding issue in our rental's crawl space. We hired Company A (an emergency flooding company) to pump out the one foot of water and remove all wet/moldy drywall at a cost of $5K. A c...
Hi BP Community,Have a question regarding creating an LLC (or other form of business) to "manage" my rental unit (currently just one, may be 2 in the near future).Background: Purchased 2-family house Jan. 2016. One U...
Hi there and thanks for taking the time to help answer my question.While researching properties in my local market I've come to see that many properties are owned by LLC's solely dedicated to that individual property....
I own a single family home that I rent out to my brother that I do not use a property management company for. I want to buy another house in the area to rent out. I’ve thought about starting my own pm company with my ...
My wife and I moved to another state for a temp job (medical residency) two years ago this May. We own a home in another state that we have been renting out with the intention of moving back. Now it is looking like a ...
I have been flipping houses for 3 years now under my LLC, but was wondering if I should start a new LLC specifically for my rental properties. How does everyone else structure their flips and rentals?
What are the typical costs to have a property manager assume existing tenants? Since there is no tenant placement, what fee is normal to have them takeover?
How is it going this poorly already?Ok so here's the backstory. I went under contract a month ago and began my search (armed with BP advice) on the questions to ask to find a great manager. I chose the ppty manager ...