All Forum Posts by: Mikhail Abbott

Okay ya thats what I was leaning towards thanks for the input. She has been their for 1.5 years so not long term but have a lease for 3 years.

Ill consult with a lawyer but if she did pay for and erect a patio cover, would I have to have something written in a contract about any built will be taken down or stays with the property?

My tenant who is signed to a 3 yr lease, asked if I would go halfers on expanding the back patio and possibly adding a patio cover.

What would you do in this instance. I told her I would look into it but made no promises. I have to weigh the cost factor but besides that is there any legal ramifications if she vacated after the lease is completed and having to pay her out?

The back patio is currently a concrete pad 8x10 and she was wanting to extend about 2 ft on 3 sides. Would consider adding stone/brick pavers, concrete or doing a wood platform.

The patio cover She mentioned about buying one of the costco patio cover structures.

I’m not wanting to spend a tonne of money on this since its not going to improve any return on investment for the term of the lease but if a couple hundred bucks (50/50 split) to extend the patio makes her happy then Id consider it

@Hunter Vigneault ya i agree

Forbes wrote an article on str causing the bubble to burst

https://www.forbes.com/sites/jessecolombo/2020/03/31/why-us-housing-bubble-20-is-about-to-burst/

Okay great thanks Michael will check that article out. 

Awesome thanks for the advice Lance and jeff would love to connect

@Ryan Valdes

Hey Ryan

Yeah Vancouvers a tough market. Im originally from there but now live in work in Washington state as a FF. Have you looked interior? Kamloops, Vernon are growing markets. A lot cheaper.

I am looking for some advice on starting an LLC for an out of state sfr rental I have in texas. Through my research I am finding that Nevada and Wyoming seem to be the best states to form in.

Looking to create a relationship with a RE attorney, so any referrals in any recommended states would be appreciated.

Does anyone have any preference on which states offer;

best protection

Lower start up fees

No or low state tax

Low annual renewal fees

Thanks

Mikhail

Jonathan,

Im also a newbie but would love to connect

Jonathan,

Im also a newbie but would love to connect

@Tyler Caglia

Awesome breakdown. I am hopefully following down the footsteps in the not to distant future. Would love to connect as I am looking and currently own in out of state markets as well.