How a Michigan Man Lost His Rental Home Over an $8 Tax Bill
One solo real estate investor in Michigan lost his rental property over one small tax error. Hear the story and learn how to avoid a similar crisis.
Real Estate Business Management
Business Management can often be similar across many industries and types of enterprises. Successful real estate investors treat their investments like a business and run them professionally. This section of the BiggerPockets Blog contains articles that can help journeyman investors systematize and professionally run their real estate businesses. Topics include hiring, management, business policy, and scaling. These articles are written by some of the best investors in the business, and in regions throughout the country.
Everything You Need to Know About Commercial Liability Umbrella Policies
A commercial liability umbrella policy gives you extra coverage to help pay costs that exceed your general liability and coordinate gaps in coverage.
Put Your Business on Autopilot With Virtual Assistants
There are many tasks that are necessary for your business, but don't need to be done by you. Regain your time with the help of a virtual assistant.
The Pros & Cons of Getting Your Real Estate License in 2020
Thinking about getting your real estate license? Look into the pros and cons to decide whether this should be the year or if it might be better to wait.
Renting to Your Family Members? Don’t Fall for the ‘Personal Use’ Trap!
So you want family and friends to stay in your rental? Be careful! Renting to family members could designate your property as "personal use"—and you could miss out on vital…
House Hackers: Here’s Why You Shouldn’t Use an LLC for Rental Property
Setting up an LLC for rental property isn't as difficult as you think, but there are times to keep your investment properties in your own name—like when you're house hacking.…
Here’s What It Takes to Succeed as an Entrepreneur
To become a successful entrepreneur, you need to master one simple aspect of starting a business. But for most, it's easier said than done.
The Stack: The Perfect Blueprint for Scaling Quickly in Real Estate
According to the Harvard Business Review, the best way to continue moving forward on something is to facilitate small wins. Use this psychological principle to scale quickly yet conservatively as…
What the IRS Said About July 15 Tax Deadline (Plus, How to Prepare as a Real Estate Investor)
Filing taxes is a complex process, especially with real estate investments in the mix. There are many benefits to investing in real estate—tax deductions and credits included—but first, it’s important…
Do Landlords Need an LLC for Rental Property?
As a real estate investor, you'll likely be concerned with how to mitigate risk in the event of a lawsuit. This is where a limited liability corporation, or LLC, can…
Is It Profitable to Own a Vacation Rental? How to Calculate Income and Expenses
Looking to invest in a vacation home? Here is a step-by-step guide to calculating income and expenses on a short-term rental to determine whether or not it's going to be…
Harnessing the Power of Teams to Earn More (& Work Less!)
This is the biggest lesson I’ve learned in the last few years. Building a talented team has helped me turn my business into a well-oiled machine that keeps working even…
Lawsuits Are a Big Business—Here’s How to Shut Them Down
As a real estate investor, you have to understand that lawsuits are a business. If someone is looking to sue you, they're looking to get your money. A solid asset…
