All Forum Posts by: Aaron Law

Thanks for the contact info Jeff!

I'm needing to find an adequate builder's risk policy for a new build in Florida, along with liability insurance. Anyone have any suggestions on an agent?

Thank you so much!!

Thanks @David Gotsill!

I will have a mortgage on the property. The tax amounts to about $1400 for my property so not as bad as I initially feared.

Is it possible to get around the Florida transfer tax when deeding a property from my personal name into my LLC?

The FL attorney I spoke with said deeding it over is the taxable event, whether it's into an LLC or into a Land Trust, and that it may not hit you right away but at some point you're going to pay it. Granted it's not much, but is deeding it into a Land Trust an actual tried and true method for not paying the transfer tax?

Thank you!

@Drew Sygit Thank you so much!! That's the type of information I was looking for. This should help to get me started.

Thanks Nathan, that's great information!

Thanks for the reply. Maybe using the "manage the PM" terminology was not the best choice of terms. Is trusting them all we have as a property investor to know if they're doing a great job? Are there not some benchmarks or key performance indicators that we should hold them to? And if along the way we notice the quality at which they're managing the property is slipping away from those indicators then we decide to hire a different PM. For a much a numbers game REI is, I'm checking to see if there are wise investors that have come before me that have those "numbers", or whatever they may be, for tracking PM success.

I'm new to using a property manager to manage my SFH which I'll start renting out in about 2 months.

I read a post on here the other day talking about better managing your property manager. What are the best tips on how I can better manage my property manager so they're doing their best job at taking care of my property?

Are there any benchmarks in relation to property management that I should know and hold my PM to?

Thanks for your replies!

@Frank Leon Thank you so much for the links and solid recommendations, I'll start there and see how the leases look.

@Corey Farnsworth Best up luck in your LTR quest! I'll check the bar site and then find an attorney to iron things out.

I have a SF LTR coming on the market in a few months in FL. I'm having a property management company manage it for me

How good is the average PM company lease? It is worth it to hire a RE attorney draft it instead?

What issues should I be looking out for here?

Any recommendations on a great PM company or attorney in Southwest FL?