knightscove
Returning Member

Investors & landlords

We have 91 doors, SFH, Apartment buildings, mobile home park, and mixed use.

 

We have a work van, pickup truck, john deer tractor and other tractors. Equipment trailer and trailers to haul junk or supplies. We have a steady crew of 3-4, we do all our own lawn care, painting, cleaning, repairs, roofing, flooring etc etc.

 

All this cannot live at my house as I don't even have parking for my own car 😉

 

I do share costs across the Sched E's like suggested. Why it didn't dawn on me for this I don't know. Maybe since its real estate and I just went ahead and created a Sched E for it. I was going to rent some of it out for camping but never did much with it. 

 

Its all in a single member LLC. We've grown it over the years and starting a Sched C didn't seem to have many obvious benefits. Maybe its time to learn more?