All Forum Posts by: Michelle E.

@Steve Vaughan thank you for your insight and response. 

I've had mixed answers on this and looking for help. My husband and I own 2 properties under separate LLCs. We file our taxes jointly. One year we were told that we needed to file a separate tax return for each LLC and one for our personal return. The next year (new accountant) told us that we could file a personal return and list our properties on a schedule E on our personal return. Of course this saves money - filing 1 return vs. 3 but we want to make sure that we are doing things properly. Another accountant said if you have an LLC, you need to file a return for that LLC. We don't know what is correct. We live in Illinois if that makes a difference. Help!

I appreciate the candidness of this post and your courage to raise the question and let others weigh in. I think some awesome examples have been shared as well, in terms of how others have approached this problem, and prepared themselves and the professionals they are working with in general, to try and elicit the best outcomes. For those that think it’s not a problem or that appraisers don’t have biases that negatively impact our properties, I put them in the “all lives matter” category of just not really understanding some of the issues we face as black people living and doing business in our world. That being said, my hope is that keeping the dialog going to raise awareness and promote open and reflective discussion on these issues will help to address some of the very real challenges we navigate. We continue to be creative in our navigation of these challenges (can you say “resiliency” ?)  and it sounds like you and your wife are doing that. Best of luck and thanks for sharing. 

Awesome. Great post and thanks for sharing!

@Jonathan Klemm thanks for the info And invite. I can’t make this Saturday but would like to plan for another time. I will check out the meetup info. 

I’m interested as well. 

@Adam Azam sardines work well too, they love them. 

I agree with what others have said. Get additional quotes from licensed pest control providers. A licensed provider who handles animal trapping is fine, doesn’t have to be a big name company.  Get the entry points sealed, exclusion is your best defense against any type of pest, including raccoons and squirrels. Don’t be discouraged. Deal with this problem quickly and keep it moving. Since you do have a property management company and cannot be on site yourself, be sure to set the expectation with them regarding getting a few quotes, especially if you find that the pricing varies widely. You also have to manage the property managers. You’ll find like anything else,  It’s a process but overall rewarding. Good luck! 

@John Warren  thanks is “ Agency Debt” a company?

@Mark Ainley thanks for responding. That sounds great!