Short-term rentals would be a solution, but due to strict short-term rental laws in rent-controlled areas of Los Angeles, options like Airbnb are typically not feasible.At present, I have a $5 million property in Encino with two units that we cannot rent out short-term due to rent control regulations, and the numbers don’t work for a long-term rental either.

S Corps are only appropriate in limited cases involving active business income, not passive rental income.Can complicate refinancing if the mortgage is in your personal name.Requires annual filings and may incur state fees.Enforce the lease if needed or find a replacement tenant; the deposit gives you some protection.Appeal your property taxes if the valuation seems high, you may save more than you expect.Use an LLC primarily for legal protection, not tax savings, and avoid S Corp elections for typical rental properties unless you're operating an active real estate business (like flips or development).This post does not create a CPA-Client relationship.

Business is still runnning under https://bawldguyinvesting.com/1) California Statement of info hasn't been updated in years 2) Still lists Jeff's old home as his addressI heard rumors of someone defrauding a note fund years ago and a couple of lawsuits which is typical, but wanted to see if anyone has any information.2019 https://www.edcombs.com/blog/2019/march/bgnf-group-llc-fka-b...2023 https://www.nclc.org/wp-content/uploads/2023/07/horne-v-harb...Next step is filing a complaint with the SEC and contacting attorneys.

That will make a difference. typically buyers will target a 12-15% yield, so if your rate is low it will sell for a huge discount.

According to the National Association of Realtors (NAR), the typical down payment for first-time buyers has been between 6% and 9% since 2018.

You could hire a management company, but a management company typically costs couple of thousand up front, then they add 10% to all bills, and then charge you for them.

On the flip side, you’ll want to budget extra for turnover, more wear and tear than a typical family rental, and possibly dealing with group dynamics if roommates don’t get along.

Let us know your typical per-square cost for labor and materials.

Single-family homes in this area of Albuquerque typically provide steady returns and appreciation potential, making it a great buy-and-hold play.

Single-family homes in this area of Albuquerque typically provide steady returns and appreciation potential, making it a great buy-and-hold play.