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1 October 2024 | 5 replies
We also can't have renters dealing with the humidifiers as it is a mold problem/foundation issue if it isn't taken care of.We are taking pictures and videos of everything, we have multiple professionals that have documented everything (and told us to lawyer up) and have neighbors that we have already had agree to discuss their drainage problems when we get a lawyer.
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30 September 2024 | 4 replies
You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.
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1 October 2024 | 4 replies
Show Your Financials: Provide documentation of your personal finances, including income, credit score, and any other properties you own.
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30 September 2024 | 3 replies
You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.
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1 October 2024 | 12 replies
@Warren Barton a PMC should pay the legal owner of the property OR that owner's lega representative.If the properties are in your personal name, to have the PMC pay your LLC, you'd need to name your LLC as your legal representative and provide acceptable documentation to the PMC directing them to pay your LLC.They'd then 1099 your LLC via its EIN.
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30 September 2024 | 1 reply
In my opinion, you want something that will protect you, but is also understandable for everyone signing.Keep in mind that at the end of the day, here in Illinois, the state is generally contractor-friendly in the court of law, so making sure you document everything clearly with payment will protect you against any potential mechanics liens.We have had several projects that did not go perfectly here in Chicago because we overpromised and didn't keep tight enough documentation.
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30 September 2024 | 9 replies
I know the Guide isn't law, but in my experience its not the law that is solely enforced, but also the derivative regulations, formal guidance documents, as well as case law history.
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29 September 2024 | 13 replies
I like to hand-deliver it and set an appointment for my first inspection so I can start documenting the condition of the rental from that point forward.
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30 September 2024 | 3 replies
This was not because of a dumb document, but because I valued the relationship.
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1 October 2024 | 9 replies
What’s worse is that there is no consistency among the insurance companies.The ACORD forms and other Evidence of Insurance documents are notoriously cryptic and difficult to read.