All Forum Posts by: Ashley Chris

Hey @Ashley Chris! It depends on what you're trying to accomplish. If your goal is asset protection and limiting liability then just putting the LLC in your wife's name may not necessarily shield you, especially if you're still actively involved in managing the property. Courts will look past LLC ownership if they determine it's just a workaround for personal liability (ie. "piercing the corporate veil").

Instead, you might want to speak with a real estate attorney or entity structuring specialist who can help you set it up correctly. Someone like that can help set your entity up to provide the protection you're looking for.

Another thing to think about is that managing your own properties under an LLC may require you to follow property management laws in Arizona. Something to double-check before moving forward.

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Phoenix, Arizona

I live outside Arizona and own rental in Arizona.

After frustrating experience with property management companies, I plan to create an LLC for property management? Can I create this LLC under my spouse?

Trying to protect myself from trouble-some tenant litigations (potential).

Thanks

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Phoenix, Arizona

How do you folks track various expenses (furnishing, food, payroll, local & air transportation, referral fee, licensing fee, repairs/renovation etc.)?Do you link business credit card (or bank account) to QuickBooks? How to track cash expenses (like groceries)? Need expense tracking for taxes and self analysis.

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Tenant called me saying water is leaking from bathroom upstairs to living room downstairs because there was water leakage and accuses me plumbing is old (well, house is only 20 years old).

I had multiple problems with this tenant in the past. Want to take her to the court, get the damages and terminate the lease. Need a reference to a local lawyer.

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Phoenix, Arizona

Quote from @Andrew McGuire:

@Ashley Chris

I use Jeremy Bottlinger w Somserset CPA's and Advisors, he does not do the bookkeeping but I believe they have internal. Happy to share contact

@Andrew McGuire: Please share Jeremy's contact. Thank you

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Phoenix, Arizona

Please recommend an accounting firm for book keeping and filing taxes for LLC and contractors for a group home (operating from Laveen/Phoenix)

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Phoenix, Arizona

@Mike Delprete Can we attend AZREIA remotely? I own SF rentals in Phoenix, but I live in TX.

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Hi Tracey,

I was in your situation few months back. I was on cozy and got migrated to apartments.com

I listed my house on both, but got good response on zillow (and free ad on apartments.com got close to zero response, while I got about 1000 views and 40 emails in 2 weeks on zillow).

But all my payments and lease signing, I opted to go with apartments.com because their customer support was really good (I called them thrice and they navigated me through tenant on-boarding). I also maintain my expense records on apartments.com - overall I liked it

I plan to use both zillow (for listing) and apartments.com (for tenant engagement), in future

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Great information. Thank you

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All Forum Posts by: Ashley Chris

Ashley Chris has started 15 posts and replied 32 times.

Post: Property Management in Arizona

Post: Property Management in Arizona

Post: Expense Tracking software recommendation

Post: Expense Tracking software recommendation

Post: Landlord and Tenant dispute: Attorney referral for Phoenix/AZ

Post: Need accounting/taxation firm for bookkeeping and filing taxes

Post: Need accounting/taxation firm for bookkeeping and filing taxes

Post: Looking to network on Monday

Post: Zillow vs. Apartments.com for Tenant Docs & Payments

Post: Lease Agreement for running Group Home in Arizona