All Forum Posts by: Mak K.

I am from Texas and am having hard time finding the right way to purchase real estate rentals (SFH). I have tried doing TX LLC which is owned by WY LLC. This allows to stay annoymous. The only issue comes is now I have to maintain two LLC structure, their annual fillings etc.

I buy in Cash with no mortgage so I do-not have to worry about banks etc

What are my other options for TEXAS? Anybody having creative ways? How do you structure your purchases?

Hi,

I have one rental property and I am wondering if there are TURN-KEY Inspection services which checks all major items from AC/HVAC, Roofing, Plumbing and other general maintenance issues? If yes, how much does those services cost and what do they inspect?

Hi,

I have a property rental in one LLC and taxes are under those LLC. I need to tranfer that property to another LLC name and going forward it will file taxes under that name.

How does the transfer work? What happens to the depreciation, cost basis on the tax returns etc. FYI property is 3 year old

One method to keep Real Estate anonymous is via WY LLC> TX LLC. If I do not want that route, what is my alternative method to keep my real estate anonymous? What approach do you use to keep your properties anonymous?

Hi,

I need to transfer a property from A1 LLC to another B2 LLC. It is paid up property with no mortgage or leins.

> What is the process and how much does it cost? Is it something DIY?

>For the Tax returns, how does the transfer show ? Does the purchase cost from original A1 LLC get transferred to B2 LLC? How do we move the cost basis, depreciation from one LLC to another?

Hi,

Is home warranty insurance worth it? I did used it couple of times on my rentals, but then I realized that I was already paying a good chuck per year ($700/year or $60/month). Also each service was $70. 

Is it worth or what is alternative way? 

FYI- My rental is 1 hr drive for me.

What is a good Agent Fee for re-shopping the insurance. How much does your agent charge over the policy as their fee?

If you have rental properties and file a claim, does it go towards LLC or does it affect your personal claim history also?

Also do you buy insurance under LLC and put your name as secondary insured? Or just under LLC?

Hi

I had landlord insurance since two years with Travellers and was paying $1400 per year. All of sudden the new rates are $2000/year.

are you seeing the same rate hikes?  That’s a huge bump.

Hi,

I manage my own rental property. Currently I use Apartment.com (Former Cozy) to manage the payment. It works great as its free but only downside is  when renter is late, the software charges them one time late fee but then the software does not charge any continuous late fee per day.

Any suggestions on any other softwares which are free or non expensive? Software which can charge continuous late fee per day until full rent is paid?