Limited Liability Companies are frequently known by the acronym LLC. The Tax Advantages of an LLC vary by the type of tax filing choice made at the creation of the LLC. The advantages are great. Even better they do not have a lot of disadvantages. How is an LLC Taxed As...
Can I call myself a Property Manager? Be very careful about calling yourself by this legal title. I might not end well. In the state of Illinois an employee can manage property for their employer. However. Only a "Licensed Real Estate Agent" can manage property for...
At our last meeting a member asked, "Should you give Christmas presents to your tenants?" The topic then went around the room and then I gave them my opinion. The answer is no! You should never give Christmas presents to your tenants. Everyone should consider sending...
Mobile Homes Rock and should be included in your real estate investing decisions. We will outline several unique mobile home strategies over the next few articles. There are several real estate investing approaches common today. In truth they are all just variants of two long standing...
Dear Illinois REIA: Should I set up a Single Member or Multi Member LLC ? As a business strategy I want to start doing fix and flips and want an LLC for the liability protection. Up till this point I’ve been considering a single member LLC...