All Forum Posts by: Linda Tsacalides

Hi Donald, I did not end up proceeding with them. My realtor at the time told me that not only I did not really need an LLC since I only had 1 owner-occupied triplex; but also that, if I really wanted to set up an LLC, it really wasn't hard enough for me not to figure it out on my own. I was much newer to REI at the time, and without much cash so I followed her advice not to worry about it until I have more properties. Sorry it probably doesn't help much! Good luck

Thank you @Joseph Crunkilton, this is great feedback!

@Brian H., awesome to read, thank you! actually, right now, i only have one multi-unit to incorporate so it sounds like i could definitely be able to handle on my own. 

Thank you @Zach Lemaster!

Hello BP community,

I recently checked out Rent to Retirement after hearing their ad on BP's podcast. I had my first call with Zach and before I dive a little deeper, I was wondering if anyone had had experiences with them lately (as in during 2020 and the whole pandemic situation)? Whether good or bad, please let me know.

This week, I also had a call with Jason at Nevada Corporate Headquarters. He introduced himself as working with Zach and we had a terrific call about the best ways to incorporate my properties to ensure the best legal protection. Although his fees seem reasonable to me, I am fairly new to the game (only one multi-unit so far) and never tried to open an LLC before. So I was wondering if anyone had worked with NCH or had tips on best, most cost-efficient ways to incorporate in Illinois.

Thanks in advance! 

Thank you @Samantha P.! I am not familiar with turbo tenant but will try it. Tried craigslist 

Hi, I'm 29 and just bought my first property (3-flat) in the lincoln square neighborhood of Chicago, IL earlier this year. I did an FHA loan so I live in one of the units. I tried to rent the other 2 myself from mid-January to mid-April: between COVID19, starting a new day job, and lack of experience, I did not go very far. So I called back the realtor who found me the house and she's been looking for renters for me since May 1st. Still nothing though and I'm starting to despair. Units were repainted, new kitchens, new bathrooms, new central AC in both (they already had central heat) and new washer/dryer in one of them (other one already had it). I guess what I'm looking for is a realtor, leasing agent/manager or maybe even interior designer, to look at the units (online or in person, whatever is easier) with a fresh set of professional eyes, to tell me if something is wrong with the units....or my leasing team. Either way, I need help! I found BP through its podcast and now I listen to everything Brandon Turner and David Greene write. So I figured: why not take it to the online community?! Thank you in advance for all replies!