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1 May 2024 | 4 replies
Wyoming doesn’t list LLC members on any official docs.
2 May 2024 | 41 replies
Your only escape to all this is, offer him/her 1-5% of the company, that way he is now treated as "owner", no more taxes, WC, etc - only a few bunch of papers that is authorized and notarized, $10 on notary fee and 1 hour of work.
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1 May 2024 | 1 reply
If not, we’ll need to have one ordered for you.Entity Documents (NEEDED FOR PREAPPROVAL):LLC/LLP i.Copy of Articles of Formation/Incorporation ii.Copy of fully executed Operating Agreement/Partnership Agreement (all pages & amendments) iii.Certificate of Foreign Qualification (if applicable) Corporation i.Copy of Articles of Formation/Incorporation ii.Copy of fully executed Corporate Resolution designating authorized signer(s) for the Corporation iii.Copy of fully executed Corporate Bylaws iv.Copy of stock certification v.Certificate of Foreign Qualification (if applicable)Identification (NEEDED FOR PREAPPROVAL): Copy Driver’s License or Passport for each Guarantor.Rent Roll (NEEDED FOR PREAPPROVAL): We’ll need to get an understanding of the current cash flow of the property.
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1 May 2024 | 5 replies
Most lenders will do a hard credit pull before presenting a formalized term sheet, but that is after a property is under contract and your offer is accepted/you submit a full application and send in a credit authorization. 20% down with no STR experience is pretty normal on the market, but you will likely be using a haircut AirDNA projection instead of the full 100% to qualify you.
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30 April 2024 | 4 replies
Additional costnot included will be the incurred costs of city inspections, permits andunforeseen code additions""Any change orders will be authorized before work is performedAdditional Bill for Permits, Engineering and Code supplement will bepayable upon approval and payment (documentation provided)."
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30 April 2024 | 4 replies
It's essential to get all the information you can about the squatter: did they ever have a contract with the owner, how long have they been there, how many are there, has anyone told authorities, do they have access to any utilities you'll have to pay for, etc.
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1 May 2024 | 15 replies
According to the official website TenantCloud is CA privacy law compliant.
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30 April 2024 | 10 replies
We are extremely proud to launch our book The Self-Managing Landlord and it's officially out!
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29 April 2024 | 23 replies
I made a mistake and forgot to ask the seller for rent history so I started the eviction process and the official eviction date is May 1st.