All Forum Posts by: Kushal S.

Hi all landlords! Just recently became a landlord of a multi-family and was looking for some advice. I do intend on expanding and I have been splitting my expenses on my credit card (between personal and my business ones) as I look for a business credit card. I do enjoy traveling and do travel frequently for work already, so a card like the Amex Plat. or Reserve caught my eye. Personally have the Reserve already. I did have the idea that the cash back or membership from some cards might be more worth it and was hoping for some insight. Would love to hear about some of the higher credit req. cards out there that might be beneficial.

Thank you!

Great - thank you for the help!

Thanks for the help - do you think its appropriate to send the letter back or should I just open it?

Hi Everyone,

We have a apt building where I guess for some reason some of the tenants found our home address (public records?) and started mailing letters there. We have a manager onsite that letters can be directed through. We also find it slightly discomforting to have letters mailed directly to us rather than the LLC.

Any advice? Thanks!

@Katie L.

Thanks for your reply.

I do take a fee, but I don't necessarily have to depending on what my options are. I don't have any contracts because the one of the LLCs is owned by me, and the other one is owned by my direct family member. I don't have any ownership interest in the family member's LLC at the moment.

Can I have the same DBA for both LLCs (so I can house both LLCs tenant portal's under the same website)? I was under the impression that a DBA is structured under an LLC, not as an umbrella company.

I understand California has laws in order to be a property manager officially (have your broker's license), but I thought because I am managing for direct family where all decisions are actively made by the rental owners still, that I would be fine doing this. 

Protecting the information was a separate issue - and that has been taken care of.

Thanks again for the response - this was helpful!

Hi All!

First and foremost thanks for the replies! 

I currently manage two LLCs with several properties housed under each. One is mine and one is a family member's. I use management software where its structured for a management company to be managing these multiple LLCs. Because I am managing for myself and a family member, do I have to incorporate an actual LLC/Corporation in order to manage these multiple LLCs? All official documents will be still sent from the respective LLCs along with checks (all money is still individually handled by each LLC), but will make the idea of having a tenant portal much easier. I would like to just make up a generic name for the website where the tenant portal will be. I am in California by the way.