All Forum Posts by: Sean Rogers

Can he contact you?

Do you help in Missouri. I’m in the car with him now and will give him your info

@Jaysen Medhurst do you have a recommendation on the cpa. I understand the interest portion but if it isn’t bigger then the standard deduction then you take the standard right

I have a friend that bought a duplex. He lives in one room. He rents the other two rooms on one side to his friends and has the other side rented out. He is saying that he can not take any portion of his house and start depreciate it? Same with the interest? I also told him he should be able to count the repairs as a business expense if done to the rooms he doesn’t live in or the common area? Any one have the answer

@Jason Whitsell did you find one? I am interested in learning about Olive Branch

@Tim S. once you make a decision, I would be interested in what you did and why?

Will Gaston thank you for the quick response. Has being in a llc ever proved it’s worth? I’ve always worried about it but when I look into it, it doesn’t seem worth it for my situation. How many properties do you normally have in one llc? And then you have to take steps to keep them from being pierced like @peter mentions? Also did you start out self managing the student rentals or once you acquired X amount you made the jump. I know not all situations are the same but curious if your path.

@Sean Thompson who did you end up using and what is your experience?

@Tim S.@Will Gaston at what point did you start using an llc? I have two sfa  rentals in A class neighborhoods that are not in a llc, however we are under contract to buy a duplex near the University of Memphis and have been discussing the need to move to it to a llc. We have operated under the belief that if we have proper insurance the llc was not needed. 

How is lawn care normally handled on a duplex? I have a few single family rentals and make it the tenants responsibility. In a duplex can each side take care of their half?