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All Forum Posts by: Sofia De Santos Tavarez

Sofia De Santos Tavarez has started 3 posts and replied 6 times.

Post: How do you determine a scope or work and what materials to buy?

Sofia De Santos Tavarez
Pro Member
Posted
  • Posts 6
  • Votes 2

@Frank Pyle when you say project manager, do you mean property manager? Are those the same thing?

Post: How do you determine a scope or work and what materials to buy?

Sofia De Santos Tavarez
Pro Member
Posted
  • Posts 6
  • Votes 2

Thank you all for the detailed answers! Very helpful. 

Post: Should an investment property lease have the personal name or the LLC as the landlord

Sofia De Santos Tavarez
Pro Member
Posted
  • Posts 6
  • Votes 2

@Corazon B. when we initially purchased the home it was under our name, but we have now gone through the process of changing it to be under the LLC.

Post: How do you determine a scope or work and what materials to buy?

Sofia De Santos Tavarez
Pro Member
Posted
  • Posts 6
  • Votes 2

Hello, my husband and I are looking to do our first rehab in a different city than where we live (we live in Austin and looking to buy in El Paso), and are wondering how one determines and writes a scope of work and determine what material to buy for what. Does this all come from the general contractor? How does one define design choices, etc?

Second question is, if we don't live in the city we will invest in, we understand we will have to be traveling often, but who could be a good person to check in on the construction so we don't have to go every week? Would that be a property manager? Is that on the general contractor to keep us posted? Or do we need to travel every week?

Any advice on the process above would be greatly appreciated. Thank you!

Post: Should an investment property lease have the personal name or the LLC as the landlord

Sofia De Santos Tavarez
Pro Member
Posted
  • Posts 6
  • Votes 2

Hi, my husband and I are new to real estate investing and have a property we are renting out to tenants. We recently put the house under an LLC but are not sure if the lease should reflect the LLC as the landlord or keep our names. Any help would be appreciated. Thank you!

Post: Should the landlord on the lease be my LLC or my personal name?

Sofia De Santos Tavarez
Pro Member
Posted
  • Posts 6
  • Votes 2

Hi all, we recently moved an investment property under our LLC. Our current tenants are about to renew, so we need to send out an updated lease. Should the landlord on the lease be our LLC or our personal names? We are finding different things online and we want to make sure we are set up for success when it comes to being protected. Any insight is helpful. Thanks!