All Forum Posts by: Betty Klein

I second that advice, which puts me in direct conflict with long distance landlording.   Last week I got a call from my gardener that my tenant turned off the irrigation 2 weeks ago, because she did not want to pay her water bill!  A quick drive by confirmed it. A definitive no no in July in the desert.  The management company was completely unaware since she was regular on her rent payment.  They installed a lockbox for the timer the next day and served a 30 day notice to vacate.   I had the same thing happen years ago as long distance landlord . When I did my yearly visit it was very expensive to fix the landscape.

Hello, 

Since I am currently considering the move of my holding company to Wyoming, I want to add the following to this discussion: If you are planning to hold your properties in a LLC, the LLC has to be in the state where the property is located. You can hold multiple properties in one LLC , seperate for liability protection. Just have a knowledgeable attorney set it up as serial LLC. If you have another entity own the property Wyoming is currently the most secure and economic.