All Forum Posts by: Andrea Jones

@chance 

@Chance Cooper yes but I have another post about worker comp dangers, so I hired them through a staffing company while legal and legit I didn't have to mess with payroll taxes and workers comp. Found it to be WAY better than a PM company. Most PM companies make there money on maintenance anyways, and we had that covered. 

 I can't say they are 100% waterproof but with the planks I'd say there is a very very little chance that anything leaks thru them. I use them and love them.

My husband and I own and manage our own properties. We have 15 residential rental units and for over 20 years have been managing our own properties. We contract with different service providers and our current A-Z list of vendors is 30 names deep, from accountant to window washer.  We would consider hiring a PM if we had the need to do so, but then we would be focusing time on our relationship with the PM to make sure they were on top of things and we were in alignment.  Stephen Covey says "you manage things and lead people".  I agree with that. So both my management skill set and leadership skill set come into play when working with our residential rental properties, vendors and tenants. We approach our business with a service attitude. The result is a profitable business.  I have a passion for landlording and love my work.

 I use a PO BOX for everything.

All rent, taxes, court docs and everything else. Tenants have my name but nothing else. If they really want to find you they can but it will take them time and effort which 99% of them dont want to do the research to find you. You can have everything in a LLC and everything but they can still find you if they want.

When you visit your property they can easily grab your license plate number on your car or follow you home.. LOL

I think 90% of the people that replied to this post missed the point. 

@Andrea Jones never said she's afraid of a lawsuit. That's not what she wants to remain protected from. It sounds to me like she's more concerned about a physical assault then a legal one. 

Here's the site for the UPS mailboxes. They'll even forward the mail to you.  http://www.theupsstore.com/mailboxes/Pages/busines...

@Andrea Jones 

 First you have to decide how active you are going to be in the property. If you are going to be active, then a lot of what @Steve Vaughan says will work well. I really hope @Bill Gulley was kidding.

• If you are involved in the property, you can be named in a lawsuit. For example. a lawsuit happy, money grabber, slips on ice on the sidewalk. The hire a bloodsucking ambulance chasing attorney.  They will sue the person who shoveled the walk, the company that hired them, the property manager, and the registered property owner.

The more anonymous you want to be the more it will cost.

If I wanted to maximize my anonymity, I would take these steps. 

1. 1. My attorney sets up the LLC, and is the registered agent.
2. 2. My attorney signs all closing docs for the Property. Properties are titled in a Land Trust and the LLC is the Beneficiary. Use your business address, or the Registered Agent's address.
3. 3. My attorney hires the Property Manager I want, and signs the management contract on behalf of the LLC. The attorney directs the Property Manager to follow my instructions for activities involving the property.
4. 4. The Property Manager distributes funds directly to the LLC bank account.
5. 5. Maintain really good insurance on the property.

Obviously you'll incur some Attorney fees, but it gets it done. Steps 1, 2, and 5 are probably sufficient, 3 and 4 are for the really paranoid. Unless they really are out to get you.

And if you lose, go find Bill's drunks, and buy his houses from them.