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18 October 2024 | 3 replies
Once you start co-mingling the LLC's business with anything else you give an easy and clear reason for anyone suing you to claim the LLC isn't acting like a separate entity and "pierce the corporate veil" meaning that they could use that as a way to come after your personal assets as well.
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18 October 2024 | 2 replies
We keep the main house separate by locking the door between the bedroom and our living area, so guests only have access to their room.
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17 October 2024 | 5 replies
LLC-A can do a consolidation exchange and purchase a tic% of the new property with all of it's sales.LLC-B can do a simple exchange from it's sale to a tic% of the new property.You can separate by address if you want.
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18 October 2024 | 7 replies
Another cheaper option would be to just separate the meter and have the two tenants pay for their own electric.
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19 October 2024 | 16 replies
The interesting this is, I told the agent that I have gone to properties with a separate garage that required me to pay (just recently in Nashville) and they said that is against their policy.
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15 October 2024 | 14 replies
We don't have a PG for any of our DSCRs, and tax wise have it completely separate from personal.
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16 October 2024 | 14 replies
Are you a risk taker or conservative, are you organized or disorganized, are you emotionally intelligent or think more with your heart?
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16 October 2024 | 6 replies
We currently have a LLC that owns our existing rental property and we run the short term rental activities through this LLC with its own separate bank account.
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14 October 2024 | 0 replies
It was a moment filled with emotion, and it’s one of the reasons why we love doing what we do.This experience was a powerful reminder that going the extra mile isn’t just about being kind—it’s about truly helping people in their time of need.
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16 October 2024 | 16 replies
Do I need to get a separate contract drawn up?