Accounting costs, Rental properties and States

Accounting costs, Rental properties and States

Rental Property Investor · Member since 2019 · 77 posts · 36 votes

Hi all, thank you in advance for answering.

1. Excluding a LLC incorporation costs and renewals.

Costs - What are the average costs associated with monthly/yearly accounting/tax reports when a rental property (single family home) is under a LLC owned by a foreign national? Same as owning the property personally?

Yes/no - what are the accounting costs in both cases?

2. Taxes - Does it matter if a company is in Delaware and hold a property in Memphis? (Just an example) I see a lot of people that incorporate in states where the ownership is hidden from public records; they do it to keep them distant from the asset and as an extra protection against being sued.

3. States - Some people have properties in one State and use the same LLC to invest in another state. Wrong?

4. LLC - How many properties or maximum properties value is better to hold under one LLC?

Thank you Folks.

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