Quote:
Originally Posted by clarkwood
Thanks for the response, but much like home rentals or rental properties their is game to be played, or rules of business operations. The Newbies or the uneducated always get skewered. In my apartment rental business I have rescued so many small landlords for the same reason, it seems easy and is for those in the know, but those that think it is a quick buck, that it is not. I am really sorry your friend learned the hard way.
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exactly- you have to treat it as a business- create a LLC, business license, taxes, bank accounts, blahhh blahhh....
I think trying to do it half way wont work
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