All Forum Posts by: Cherisse B.

@Robert Rainey & @Wayne Brooks, thanks gentlemen! Just an update on the resolution we reached for the sake of the community, or anyone else that may need this in the future. I spoke with 3 different representatives at legal zoom, and was told that the Registered Agent service could not be used for the Principle, Mailing or member addresses, plus got inconsistent answers to some of my other probing questions on the subject. This is not to knock the legal zoom service, but I didn't feel comfortable with using them as an authority on this subject. With further research and consulting with other registered agent services, I now have a more comprehensive understanding of what's permitted in Florida. Sharing it all here for the benefit of the community. We are required to have a registered agent, but YOU ARE permitted to use the registered agent for the Principle, mailing, and member addresses, if your registered agent offers the service. In addition, changing the addresses is a completely free service with the secretary of state on the sunbiz website. You are permitted to use a PO Box for only the mailing address on the sunbiz website. We opted to use a PO Box for our mailing address, changed our registered agent service to Sunshine Corporate Filings (They offer the RA & Compliance services for $30 per year compared to legal zoom's $530 for the 2 services), and changed the other addresses to that of the RA. I will also able to get a prorated refund for legal zoom for the 2 services, once the new registered agent service has been completed with the secretary of state. Hope this helps someone else to avoid the headache. 

We decided to form and LLC, and opted for creating it via legal zoom. We also decided to subscribe to their Registered agent services, and we were under the impression that we wouldn't have to have our address publicly listed at all. It appears we were wrong... we're now being informed that we are still required to have another physical address on file, and that a P.O. Box can not be an option. Does anyone else have experience or thoughts on this?

We recognize consulting with an attorney is our next best step, but we're certainly open to hearing the communities experience with this. FYI: we went through the Anderson law recruitment pitch, and would have loved to go with them and their business formation model, including the use of the holding company, etc.... Unfortunately, it wasn't a practical investment for us this early in the game. 

Looking forward to hearing the communities input.

Hi Nicole, 

I'm pretty much where you were a year ago with real estate investment, and I'm also interested in using OKRs to keep our investment journey on track. When I searched for OKRs in the forums, I was surprised that this was the only mention of it on the forums, but happy to find at least one person also interested in using this transferable business gem. I use OKRs in my role as VP, Operations for a healthcare company, and it's been transformative. In this new venture, I'm excited to use OKRs to drive progress. How did you end up employing OKRs for your launch if at all? I know it can be tough staying on track without the support and accountability you have in an organization. Would love to chat more about what types of OKRs you put in place to start and at this point.

@Carlos Ptriawan, great point regarding the median incomes in Miami; however, keep in mind that remote working is giving people with larger pockets (from other major US cities) the flexibility to work wherever they want to. 

Miami looks really appealing after long winters in hibernation after quarantine, and we're already seeing the jump in competition and price points. So it may not be financially accessible for many locals, but it certainly is feasible for transplants with flexible jobs.

I literally just made a post about the Miami Mayor billboard in San Fran. Miami may be clean across the country, but it could be the next frontier. (Maestro cue, "Bienvenidos a Miami" by Will Smith!)

I recently finished reading David Greene's BRRRR book (highly recommend), and there was a case study on the San Francisco real estate market (spoiler alert: he spells out how to spot emerging real estate markets... so many gems).

No shocker, Miami's currently considered a sellers market. There's super high competition even for off market deals, and with the rise of people working from home as a result of the pandemic, Northern workers are migrating to the warmer weather. But the general consensus for locals, like myself, has been that it would eventually slow down or reverse. I'm starting to realize that just may not be the case. Recently, the Miami Mayor, Francis Suarez, was quoted on a billboard in San Francisco, that stated "Thinking about moving to Miami? DM me." (pictured below)

Do you think Miami and the surrounding areas can expect a boom comparable to San Francisco's extreme price point increase? I'd make a calculated bet and say, YES. Would love to hear your thoughts and suggestions for those trying to jump into this already hot market. I have a few thoughts and strategies in mind myself, but looking forward to engaging with the community on this subject.

Hi everyone! I'm currently living in St. Pete and I'm hoping to purchase a small multifamily home in the area sometime this year. Does anyone know of any good property management companies and good contractors in the area? I'm hoping to use the BRRRR strategy and I'm trying to get my team together. Also does anyone know of any local meet-ups for real estate investors in the area? Thanks!

Thanks @Simone G. and @Ken Naim for sharing your knowledge. Much appreciated.

@Simone G. We don't have details of the lease agreements. We were introduced to this property while driving for dollars. We noticed the units seem to be fully occupied but the property is in horrible condition so we wanted to know what the process was for doing a rehab with tenants in place if unable to remove them. 

I believe in the use of CRMs, they are critical for effective management of activities, properties, and relationships for business management. However, we're too early in the game to take the plunge on a costly system. Does anyone have suggestions on free platforms? I saw an older article (more than 5 years ago) on BP that suggested SugarCRM and Podio. I'm almost certain with technological advances, there are likely more options out there. Any suggestions? I'm playing around with Monday.com at the moment as an option.