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All Forum Posts by: Shane Monahan

Shane Monahan has started 5 posts and replied 14 times.

Post: transferring a property in Baltimore county/md to a llc

Shane MonahanPosted
  • Dundalk, MD
  • Posts 14
  • Votes 5

Thank you for all the reply's. I really appreciate all the information and experienced point of views . where I'm at ATM .I own the property luckily free and clear. The rehab is finished . I had professional photo's took they turned out great! , and have it listed on Zillow , affordable housing and fb. my first Open house is this weekend Hoping for a good turn out "crossing my fingers" nah its a beautiful house i shouldn't have any problems. . I read some where if you have 400 people coming 80-90 wont show up . I also just had the lead inspection done thankfully it came back free and clear so I wont have to get that done again. I have the Baltimore county inspector coming this Friday . i have to register the property with the county. I set up and currently using the email with the LLC name for everything related .I just set the LLC up on Maryland.GOV .Still need to open the business account which I they should be able to get my federal tax id with whoever I use. I did have one question for all the expenses i put into the property and things i paid for with my personal money. how would i go about charging the LLC for all of that ? sorry for the grammar and if i missed any punctuation it was never my strong suit.

Post: transferring a property in Baltimore county/md to a llc

Shane MonahanPosted
  • Dundalk, MD
  • Posts 14
  • Votes 5

hi guys,

i have my first rental property listed for rent and trying to get all my ducks in a row before i get some 1 in there . what do i need to transfer a property to a LLC ? is the deed and a payoff paper from the lender sufficient and where should i go to make this happen ? thank you in advance

Post: baltimore county/dundalk area

Shane MonahanPosted
  • Dundalk, MD
  • Posts 14
  • Votes 5

hi joe,

sorry for the late response. I really appreciate the quick reply with all the info. yeah that would be great .

Post: baltimore county/dundalk area

Shane MonahanPosted
  • Dundalk, MD
  • Posts 14
  • Votes 5

hi, this is my first post. 

is there any investors/property mangers that are familiar with this area . i finally got my first rental rental ready to go trying to get all my ducks in a row. i was wondering do I have to register the property with Baltimore county and also hire a state inspector to inspect the property ?