If I'm purchasing a rental property under my name should I still set up my own business in terms of collecting the rent and handling any problems? I want to go into this being as professional as possible while still ...
I've just recently started reading up on RTO programs and was wondering if anyone with experience in this could weigh in on my thought process. Typically renters don't keep up the property very well and many repairs n...
Hello,
I need some guidance on how to handle first month rent, security deposit, and cleaning fee.
To explain, I am currently living in my condo with all of my furniture and I have it up for rent and I have someone ...
For those of us who are new to rental ownership ( 3 units) what is best and easiest to use software for accounting that may allow managing another different business at same time?
Hello Everyone,
My sister and I recently inherited a paid off rental property that nets around 20k a year. This house is held within a living trust that my parents set up. All assets within the trust are supposed to...
Hello, I'm a new landlord and I'm wondering whether other landlords will make the tenant (who passed background, credit check) sign a rental agreement and all paperwork on the day they give you the security deposit? I...
Hi BP, First a little background on my situation: I am married with two young boys, ages 2 and 4. My wife is an MD and earns $200k+/year. When we had kids, I was working as a traveling nuclear reactor technician and ...
Hello community,A while ago I decided to rent my primary home located in Wa, and rent another house in a better school district. I divided that house into two units; the main house ( unit 1) and a separate entry bedro...
A realtor I've used frequently asked if I'd be interested in helping a doctor client of his finance a condo, (it will be his primary home) He can't get financing because of a messy divorce and the closing is next week...
I currently own a rental property in the Kansas City metro area and am in the process of transferring the deed to an LLC I have created. I am not sure how this will directly impact my personal taxes but would love to ...