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Ellis Act Evictions and Airbnb
Hello all,I am in charge of a multi family property in the Los Angeles area.Recently all of the tenants were evicted via the Ellis Act. This apartment building will be demolished to make way for a bigger apartment com...
Bob Faulk
Online rent collection without big fees?
Does anyone know of a good online rent payment portal I can utilize for my tenants but that doesn't have big fees?
Any pointers would be great as well
Jennifer Roth
Is there a charge when transferring funds from Canada into a US account?
Hi there,I was wondering if anyone would be able to answer my question. I am looking to borrow money from one of my investor friends who live in Canada. My attorney stated that this investor should be able to transfer...
Mike Reynolds
Dispursment from 401k
Trying to understand something here. If I take a disbursement from my company plan 401k after retirement do I have to file a 1099 like I would if it was a solo401k? I guess what I am trying to ask is what is the diffe...
Austin Payne
When are online payments considered paid?
Hey guys first time posting here! I recently started using cozy.co to process online rent payments. Do you consider rent paid once the payment is sent or once it is finished processing?
Francesca Zanzucchi
Recommendations for Rent Collection Platform/System
Does anyone have a good system or platform they are using to collect rent from tenants? We are currently using RentRedi but there is a long lead time from when the tenant pays to when the money is deposited into our a...
Seth James
My tax pro is threatening me, HELP!
So I paid a tax pro to do my return, first year was fine, this year she took my money and ghosted me. She never filed my return. I complained and she brushed me off. I disputed the charges with my CC company, and she'...
Peter Goldberg
Security deposit escrow account when a lease is signed by two friends
How should a escrow account be created when there are two people on a lease (two friends staying in a 2BR condo). The bank says only one tenant can be on a escrow account.
Tomasz Banas
Using HELOC for down-payment
I plan to purchase & hold my next investment property. I will apply for a loan that requires 20% down. At the same time I would like to apply for HELOC on primary residence to pay for that down-payment. Will that ...
Monica Kovalsky
LLC Accounting Questions for New LLC Owners
Hi everyone!My husband @Kevin Kovalsky and I have been in the process of setting up a business structure for our rental properties where each property is in its own LLC and then all the individual building LLC's are o...