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All Forum Posts by: Amy Pfaffman

Amy Pfaffman has started 6 posts and replied 25 times.

That's a good idea about using AI for that. I should give that a try. Thanks!

Thanks, Hussain! I ended up changing my RA, and so now they're handling mail. It appears the only thing I'm not covered for now is resolutions. They're not required for single-member LLCs, but it is best practice. I've found lots of templates online, so I think I'll be ok.

Thanks for that, Chris! Maybe I need to look at another RA solution as well. I think my attorney is giving me a little more, like audit protection or some such. It really adds up, though. Where are you paying $40 for RA?

Is your PO box working well for you? How many LLCs do you have?

Are you getting any kind of asset protection elsewhere? This is who I've been using. I like them a lot, but it just gets expensive quickly on an annual basis. https://www.burnettandassociates.com/asset-protection

I'm about to have to pay an additional $300 per LLC to my attorney who is my registered agent for my LLCs. I thought surely there's a better way. I found this in just a minute. It appears to be a good solution, but I wanted to see if anyone else is doing something like this. Please let me know.

Here's what I found. I'm sure there are other competitors: https://www.anytimemailbox.com/

(Sorry for the subject typo! It appears we can't edit that after we post.)

Quote from @Sid Baweja:

Hi

Also a newbie investor in the Birmingham area. I'm looking at buying a STR/LTR. Would appreciate any connections/ advice for an out-of-state investor.

thanks


 Hi Sid, 

I used Grant Linhart as my realtor for my most recent purchase in Birmingham. He's an investor-friendly agent and understood what I was looking for. I believe I found him on BP. I'm still working on getting my property management to where I want it, though.

Good luck! I think Birmingham is a great place to invest for cash flow if you can wait longer on the appreciation.

It has not happened lately. The problem persisted for two days, then magically vanished.

I love getting the BP emails with lots of article teasers in them. I could always click the "read the article" link and...go to that article. It was great.

Now, suddenly, when I click "read the article" in an email, I'm taken to a login screen, and after that, I land on the home page, left to root around hoping to find the article I'd clicked on. If this doesn't change, it pretty much renders any links in the email newsletters useless. I'll read the headlines but probably won't ever read the articles if I have to go digging for them. Very sad. :-(

Post: Property Management Company Recommendations

Amy PfaffmanPosted
  • Posts 25
  • Votes 12
Quote from @Account Closed:

I think trusting PM recommendations is huge. I have found some great groups through word of mouth. I think that should be heavily relied on. 


 Yes, but not totally. When I was having a terrible time with my new PM and wanted to switch to another one, I talked to another investor who said she'd ask around. She came back to me with a recommendation for the same PM I wanted to fire! I agree that what works for one investor might not work for another. If you're more of a hands-on investor like I am, good communication is key, and is often what is lacking. I also look for good systems in place so things don't fall through the cracks (as much). I've worked with five PMs in three different cities, and they're all run by humans who aren't perfect. It's a matter of having realistic expectations and taking ownership of watching what they're doing. You care more about your properties than they do.

Hi Eric, 

I'm an investor in Birmingham (as well as Atlanta and Indianapolis), and I grew up in Birmingham, though I don't live there now. Sounds like Hunter will be able to give you great advice, but if you want to hear from a regular investor who's not an agent or PM or lender, I'm happy to chime in.

I've got a turnover in one of my duplexes and need a good handyman to go through the list and knock it out. Nothing major. Hoping to find a one-man show to get this done efficiently. Can any Indy investor recommend someone to me?