Rental Basics in McKinney : Questions & Answers

change location

cancel or

Q&A

2
dmorales09, Renter in McKinney, TX
dmorales09 answered:
Are the estates of McKinney in a good neighborhood and a good place to stay? Also is it close to the North Texas Job Corps?
We live in the Estates of McKinney, they are nice but have recently started renovating and the price are over $100 more than last year. The community itself is quiet and is in a quiet a ... more
0 votes Share Flag Wed Feb 26, 2014 Rental Basics in McKinney
T.E. Sumner, Real Estate Pro in 75040
T.E. Sumner answered:
We just bought our first investment property. It's going to be rented out. Our realtor told us that IRS requires a separate bank business
Your CPA can advise you better, but basically, no.

You will need to track your expenses and income for the rental property, but nowhere is there a requirement to keep a separate ac ... more
2 votes Share Flag Wed Sep 30, 2009 Rental Basics in McKinney
Search Advice

Followers

366
Email me when…

Learn more

Meet the Trulia VIPs
Prerna Handa, Agent in 76137
Prerna Handa
Agent
76137
James DeLaGarza, Broker in Allen
James DeLaGarza
Broker
Allen
YOLANDA DITTMAR, Broker in 75002
YOLANDA DITTMAR
Broker
75002
Stephan Sobhani, Agent in Carrollton, TX
Stephan Sobhani
Agent
Carrollton, TX
Home > Q&A > Texas > Collin County > McKinney > Rental Basics in McKinney
Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer