All Forum Posts by: Jin Park

Hi everyone,

I’m looking to sell my Blue Ridge cabin, a fully operational short-term rental in a highly sought-after area. Due to a recent move to Honolulu for business, I’m shifting my investments and looking for the right buyer.

Property Details:

• 3 Bedrooms / 2 Bathrooms

• Spacious Deck with Hot Tub

• Game Room & Modern Amenities

• Proven Airbnb Rental with Superhost Status

• Strong rental potential with a mix of personal use and guest bookings

This is a great opportunity for an investor looking to enter or expand in the Blue Ridge short-term rental market. I’m open to discussing details, including rental history and financials.

If you’re interested, please reach out to me, and I’d be happy to provide more information, including the Airbnb listing link and property address.

Looking forward to connecting with interested buyers!

Best,

Jin Park

@Michael Baum
Super helpful!

I will request some quotes for the two providers you mentioned. Thanks again!

Hello, BP STR community!

I'm thrilled to share that I've taken a big step towards my dreams and just purchased my very first Airbnb property in the beautiful town of Blue Ridge, GA!  As I prepare to welcome visitors to experience the beauty of Blue Ridge, I find myself in need of some valuable recommendations.

Firstly, I am currently in search of reliable and comprehensive insurance coverage for my cabin. Ensuring the safety and security of my guests and property is of utmost importance to me. If you have had positive experiences with insurance providers in the area or know someone who provides excellent coverage tailored for vacation rentals, I would be grateful for your recommendations.

Additionally, during the property inspection, we found a few minor repairs that need some attention before we officially welcome guests. A small leak in the hot tub and decks that could use a good staining are on the list. To maintain the highest level of hospitality, I am looking for skilled and trustworthy handymen in the Blue Ridge area who can assist with any repairs or upgrades needed. Your personal experiences and referrals for dependable handymen will be highly valuable in ensuring my guests have a seamless and enjoyable stay.

If you have any recommendations for insurance providers or handymen, I kindly request you to share them with me. Your insights and input will be incredibly valuable as I strive to create a memorable and comfortable experience for all visitors to Blue Ridge.

Please feel free to message me or leave your suggestions in the comments below. Your support is greatly appreciated, and I look forward to building a wonderful community of hosts and guests in the Blue Ridge, GA area.

Thank you for your time and assistance!

@Jason Marino @Greg Scott

Thank you both!!! This is super helpful :)

Hi BP Forum!

I now have 5 properties in Indiana under my personal name and want to start transferring the deeds to the LLC I created in Indiana. Can I do this myself or do I have to hire an attorney specifically in Indiana to process this? If I do have to hire an attorney, do I have to hire someone in Indiana or can it be in Georgia (I'm physically located in Georgia. Would like to hire someone local if possible).

@Ronald Rohde

Thanks for the feedback Ronald. I think it's clear that I do not need the GA traditional LLC since my PM company is doing all the actual work. In terms of collecting rent through the TX Series LLC, should I sill set up EIN and Bank Accounts for each child llc or is one master account at the top parent Series LLC sufficient for collecting rent? I'm also having some hard time finding banks that supports Series LLC here in GA. Please let me know if you know any bank in Texas that supports Series LLC bank account setup.

@Chris Seveney

Thanks for the feedback. Can I not tell my PM company to start depositing my rent differently going forward? Im little bit confused since I thought people still do buy some investment properties under personal names in the beginning and transfer the deeds afterwards due to lender restrictions.

@Nathan Gesner

I believe my attorney thought I would be actively managing the rental properties, but since I am not doing that, I believe the operating LLC (GA LLC) is not necessary.

My residency is in Atlanta and my two investment properties are in Indiana. Based on my meetings with the attorney, I have created two sets of legal entity. 

1.Traditional LLC in Georgia (Operating LLC)--> This has its own EIN

2. Series LLC in Texas (Asset Holding LLC) --> This currently has one parent LLC, which has its own EIN and two child LLCs, which both have separate EINs

-My investment properties are all being managed by a separate property management company, and I currently just collect rent through my personal bank account. Since I will be transferring my two deeds to each child LLCs, how should my cashflow be looking like going forward? Does my PM have to start depositing rent to each separate child LLC bank accounts and I need to manually transfer the funds to my GA Operating LLC OR since I am not doing any property management/operating a business, I only have to collect rent through my Series LLC? Also, if I want to start using the rent income to buy other properties, how should I withdraw these funds to my personal account properly to purchase more investment properties?

This is a website that was mentioned in BP Money Podcast EP 303. It's a local community bank locator that might have a better chance with setting up bank account for Series LLC.

https://www.icba.org/bank-loca...

I’ve closed two properties with RTR last year, and these two properties weren’t in FL nor they were new constructions, but my experience with them has been phenomenal. These two properties were my very first rental properties, however, RTR folks helped from the beginning to the end in terms of analyzing the property, getting me list of potential lenders, insurance vendors, and closing, and also post closing services. I still email them time to time with questions related to the properties, and they are very responsive.

Again, my properties were not in FL nor they were a new construction, therefore very different from what you are going through, but one thing sure is that RTR folks do work with you very closely and responsive in general.