How to Raise Rent without Risking Losing Valuable Tenants Real EstateRaising rent is a touchy subject. On July 31st, 2021, the eviction moratorium and rent freeze ended in the United States. The pandemic hurt the economy and made the subject of raising rent uncomfortable. Good tenants are hard to come by. When we have good tenants,...
A Beginner’s Guide to Getting Started with Real Estate Investing Real EstateYou’ve decided to take the plunge and invest in real estate. Your main goal is to make your money work for you today to have increased cash in the future. The money you make in the future is called your profit, or return on investment. That profit (or return)...
How to Avoid Getting Sued When You’re a Real Estate Investor Real Estate, Series LLCGetting sued is every real estate investor’s worst nightmare. Running your own real estate business can be rewarding, but it’s also inherently risky. You put your money, time, and dreams on the line to make it a success, but sometimes things don’t go as planned. Any...
Sole Proprietorships: What Business Owners Should Watch Out For Corporate StructureCreating a sole proprietorship is simple. Filing taxes for a self-owned small business pretty easy as well. But it also means your business is in YOUR name. That might be fine today. It might be fine tomorrow. But down the line? Take real estate investors, for...
Is an LLC Structure Important for Real Estate Agents? Corporate Structure, LLCOne of the first decisions you have to make as a small business owner (and yes, a real estate agent is a small business owner!) is how to structure your new venture. A business structure dictates how you operate, the tax guidelines you have to follow, and what kind...
‘Time Value’: The One Thing Real Estate Investors Always Forget Real EstateThe time value of money represents how much more valuable one dollar will be tomorrow than it is today. It’s a bit more complicated than that (as we’ll see), but for now just understand that real estate investing follows this same principle—and investors all too...
Tax-Free Real Estate Investing: How To Get Started Real Estate, Solo 401k, TaxScott Smith, Royal Legal’s founder, and lead attorney, recently sat down with real estate investor J. Darrin Gross to discuss tax-free investing on Gross’s Commercial Real Estate Pro Network Podcast. The delightful discussion covered not only the possibilities of...
When It Comes to Taxes, Is Managing Rental Properties a Business or an Investment? Corporate Structure, Real Estate, TaxWhether you are the landlord of a single-family rental or you own a share in a large apartment building, it’s essential to know how to classify this activity at tax time. Are you an investor or a business owner? In this article, we’ll examine the distinction between...
Does Your Real Estate Business Need An Employer Identification Number (EIN)? LLC, Real EstateLaunching a new real estate business is an exciting and rewarding way to build your path to financial freedom. However, as with any business, you have to pay taxes (womp womp). And a primary way that state and federal governments keep track of what you owe in taxes...