Evan Haag
Expense Management for Multiple LLCs
Hi All!I was curious if any multi-property land lords have a good system (or suggested products) for keeping expenses straight and annotated throughout the year for their different properties.I have separate LLCs and ...
Chris Anderson
Property Management Software?
Looking to get into a property management software and wanted to see if anyone has any suggestions on which one to use. we currently manage 24 units and have been using excel and quickbooks. Does anyone know of a bett...
Patrick Eddy
50/50 on a house hack?
Hey all! First time posting here. I had an interesting question about a first time home buyer who is looking to purchase in a pricey market (Oahu).I have a friend here who is talking about going 50/50 with another cou...
Corey Duran
Looking to change my business structure (single LLC now)
Currently, I have many properties, all under one LLC roof. I know this is not the move... That is why I am looking to change this. I am curious how I should do this. I have heard of setting up a series LLC. But these ...
Blake Winiecki
First rental questions
Hi everyone,I am new to the process of getting renters into a SFH in Minnesota. Getting a lease drafted by a lawyer seems quite pricy, is it normal to just use a standard residential lease set by the state or should I...
Brandon Stiles
Questions about using LLC for flips...
I know I need to sit down and talk to an accountant before moving forward but I was hoping someone could help clarify a few things for me.I'm planning on creating an LLC for house flipping. Mainly so I can elect to be...
William Mccurdy
Depreciation method preference
MARCS or straight line depreciation. So as I understand it if I use MARCS I will be on the hook for more in taxes when I sell the property vs straight line depreciation. Still with that in mind what is the preferred d...
Lood Le Roux
Tax Question when renting out primary residence, while renting an
I have been following the forum for info for a while, but this is my first time posting. I tried finding a answer to this question online, but don't really get anything.I own 2 properties. One is a rental so the tax s...
Frank S.
Spreadsheets: Should depreciation and taxable income be included?
Like many of us, I have created my own spreadsheet calculator to analyze multi-unit properties. I am struggling to understand how depreciation and taxable rental income should be calculated in the spreadsheet.As I cur...
Sean Robbins
Strategic Direct-Mail Campaigns, and where the HECK to start!
Hey Community!I am currently on the search for my first fix & flip opportunity. As of now I am sourcing via wholesalers, MLS, and Non-MLS marketplaces. Long story, short... One of my mission critical priorities is...