All Forum Posts by: Holly Dieter Mutz

Hello! 

I recently bought my first investment property in Western NC this year. I want to AirBnB the property before the end of the year, if possible.

I've furnished the house, lined up lawn care and a potential housekeeper. My question is: 

1. How do I proceed with setting up an LLC? I would need to apply to register in NC and not the state I live in (which is SC), correct?

2. Do I need to adjust my homeowner's insurance policy?

3. Anything else I should plan on doing? 

I've previously worked in property management so I'm more familiar with longer-term rentals, but I really would like to start my own short-term rental this year to gain more experience. Thanks so much for your help!

Kind Regards,

Holly

Thank you both! I'm not sure if I'll be able to make both such short notice, but I will check out the events section of the marketplace and see what I can do! Still getting the hang of this site-the amount of info is crazy! Have a good week :-)

Awesome-thanks, Joe and congrats on your first deal! I will check out that Instagram video for sure. It's great to have some feedback from another newer investor, much appreciated.

Hi Guys! I have been researching real estate investing for almost a year now and started listening to the Bigger Pockets podcast a few months back. WOW-there is a ton of information on here! I'm not going to lie-I have been a bit intimidated by all of it and getting started. I am working full-time and trying to get some cash flowing rental properties on the side. My brother started investing over a year ago and kind of tipped me off to all of it. I work in property management already and would love to make some connections! I do have some money to start, but definitely have analysis paralysis right now. The concern is that I don't have much room for error because we help to financially support my husband's family in Guatemala, juggle our house repairs in Charleston and are also trying to get some savings going for retirement. In addition to that, we have 4 fur babies: 2 English Pointers and 2 cats. I know I can make things work and am good with numbers, but I'm just super nervous to get started. I will take all the help, suggestions, constructive criticism, etc. that I can get. In return, I will try to help others with what I can! I speak Spanish and have a degree in translation if that's of use to anyone. I have also lived and worked internationally. Currently, I have someone in Columbia willing to partner with us so we have been considering properties there. I am open to other areas and love to learn. Thanks for reading and I look forward to making some lasting relationships here. Happy almost Friday!