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30 October 2024 | 4 replies
But Arizona provides fewer tenant protections, even as rents have soared.
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25 October 2024 | 1 reply
This will protect both you and your potential partner.
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25 October 2024 | 66 replies
Doing so would protect against everything described above.
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24 October 2024 | 19 replies
Just don't buy into the lie that it's necessary, that it's a 100% guarantee of protection, or that it needs to be complicated.Here's some generic advice.An LLC is useful for two things: anonymity and legal protection.
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25 October 2024 | 4 replies
I definitely would want the mail to go to the correct place.If someone wanted to sue you, the fact that you ignored changing your address would be a good argument that you are not maintaining corporate formalities, potentially having the protections of your LLC ignored.Most states have annual filing requirements for the LLCs so that would be a good time to update it.
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26 October 2024 | 10 replies
Important to note, this advice is geared towards those writing smaller LP equity checks as I suspect that’s where most interested investors reading these forums fit.
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25 October 2024 | 4 replies
Consider if it will truly benefit your tax position, liability protection, or asset management, or if it will just add unnecessary paperwork.If you’re in a state like California, keep in mind that you’ll have to pay $800 annually to the Franchise Tax Board, file a periodic Statement of Information (SOI), and submit a Beneficial Ownership Information (BOI) report.It’s a good idea to consult a real estate attorney to ensure you’re making the best decision for your specific needs.
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23 October 2024 | 18 replies
If you're looking to scale wisely, I'd be happy to discuss financing options that fit your goals, whether it's DSCR or Hard Money loans that focus on rental income for qualification or other strategies geared toward scaling your portfolio!
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30 October 2024 | 21 replies
Tenants wont be hard to find like you mentioned but mindfulness on the protection laws in the process will be important.
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25 October 2024 | 22 replies
While the landlord defined the dwelling unit as his single-family home; the court, after analyzing the statutory definitions of the term, the determined that the dwelling unit at issue was the separate room being rented to the tenant.[2] As a result, the landlord had converted his single unit dwelling into a multi-unit dwelling that was subject to Oakland’s Rent Adjustment Program since the individual rooms were not alienable separate from the title to any other dwelling unit.Under the court’s decision, tenants in Oakland renting rooms in a single-family home or a condominium are entitled to the protections provided by Oakland’s Rent Adjustment Program.