All Forum Posts by: Ryan Green

@Mike S. This has all been really helpful to get back on a clear path of research - thank you for taking the time to talk about it!

@Mike S. That’s really helpful to know if I were to structure it that way. Just to make sure I’m following...

If I were to have the management Corp contracted to properties with, let's say a 1% fee, and rent collection going through the LLC, then the taxation on the corporation wouldn't be much to worry about and the CCROI from rents could be reinvested more easily?

@Mike S. Thanks for the feedback, Mike. You actually listed more benefits of forming the management Corp than I can been considering. John’s comments on double taxation are still a factor, but if I’m weighing pros and cons I have several additional factors to consider.

My partner is looking to be involved in operations. We are still planning to outsource management for the time being. We're going to BRRRR properties and have them managed by a local company, and in a couple of years explore adding our own management component to the organization.

@John Warren thank you for that feedback, John. I’ve read a bit in the issues with double taxation which concerns me, plus my current company is a S Corp and that’s caused some complications and added expenses for the years.

Hello BPers,

I’ve been actively following and learning along for several months preparing to begin doing business in Q1 of 2020.

I was planning to go the LLC route with my partner for purchasing properties, but I got intrigued recently by another investor's model.

Does anyone have experience forming a C-Corp (or similar alternative) as the management group, and the LLC beneath that as more of a holding company for properties? The C-Corp would serve as the instrument for disbursements for investors.

Any and all feedback is appreciated, and I’m happy to answer questions to help clarify my goals if it helps.

@Ivan Sing sharing another perspective, I work for a background screening company that specializes in tenant screening. 12 years back is beyond most of what we can (and generally should) report. Few exceptions on that. Based on common recommendations for how to rely on these reports, you want to factor in multiple variables. If she didn’t violate any hard deal breakers in your criteria, then consider how recent anything else might be. 12+ years is beyond what most public records would report.

Hi Everyone!

I’m a new investor who has spent the last 11 years working in tenant screening.I oversee all marketing for my company, including a couple of blogs we publish to regularly.

My team wants to put together an article on the weirdest laws or requirements within the lease that renters have come across and shared, or that you may have personally dealt with. Alternatively we are interested in any odd requirements you have, and what the reason is for including them.

If you’re willing to share your story, then I would greatly appreciate if you’ll let me include them in our article, and will happily provide you with a citation and backlink to your website if you have one. My only restrictions is I can’t link to anything illegal or illicit, and I can’t link to a competing tenant screener or consumer reporting agency.

Thank you all in advance, and I look forward to reading about all of your quirky encounters on this topic.

Ryan

@Melba Chambers congratulations! It’s impressive how quickly you had the confidence to jump into doing a 2nd deal once you took that first step.