All Forum Posts by: Account Closed

This is a great question for @Brandon Turner

 I know he wrote an article about this one time but I can't find the article now. But he said he creates a legal entity for the property such as "ABC properties" but its not a real property management company, its just a asset management company that manages his own assets. but I'm sure he could explain better. 

@Marcia Maynard

 Thank you so much for your input. It helps me out a lot. thank you!

@Kweku Ako-adjei

Thanks so much for the reply. I appreciate you taking time out of your day to reply. I own multifamiles in LLC and have tenants pay checks to the llc. I also own sfh in my own name and have tenants pay checks out to me. I guess my question is, is there a way I can form a "ABC asset management" business in the state and form a website and online bill pay and just have it all come together to one place. and run the business as a dba for me. Any experience on that?

@Marcia Maynard

Wow what an informative answer! i love it! I learned a lot. Thank you so much for that. I have 2 multifamiles in 2 different LLC's and sfh homes in my own name. Tenants pay checks to me and also my LLC to a PO box. I was thinking maybe opening up a sole proprietor business such as "ABC asset management" and have that be a dba for my llc and myself. So it just all brings it together. Could you expand more on the dba side of the equation.

This is more of a state specific question as I know many states have different laws. Does anyone in the state of Washington know if I can open a property management company in this state without a "managing brokers" license. I have multiple rentals, and now its getting to the point where I want to be more professional. before I had sfh so it was easier to be more personal, but now with 4 plexes and 8 plexes under my belt, I'm thinking I should have a online portal to pay rent and do the whole thing right. I would be managing only my own properties, not anybody else's. would I still need a "managing brokers" license. I knnow @Brandon Turner does a DBA thing where he makes a business entity and uses that as a dba for the tenants to pay rent to. But im not clear on all of that and I could not find the article he wrote on that. hopefully someone can clear all this up for me. thanks.

"Aact and get creative" your words, not mine! Nobody ever got rich by just talking about it. Just buy really really cheap and start small. but the point is to start. Hope that helps.

@Joe Stafford

great job! I love the kitchen, where did you get those cabinets? I love the color and the handles. 

@Jessica H.

Great job! I love the kitchen... Where did you get those cabinets?

@Jonathan C.

love the kitchen.. where did you get those cabinets from?

@Jared Lichtin

 that looks amazing, love the kitchen.... where did you get those cabinets?