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7 May 2024 | 6 replies
Prompt and efficient communication is essential in this industry.
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7 May 2024 | 6 replies
Multiple notices have been cited that I have already resolved, the most recent on the other hand, to me seems a bit out of line- I as a homeowner, chose the turf I wanted both in looks and cost efficiency for a large front lot close to 3k sq ft of front yard.
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7 May 2024 | 16 replies
@Marc Delgado, outsourcing to India/Philippines/etc sounds super sexy and cost-efficient; and, it may be for non-REI businesses.
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6 May 2024 | 2 replies
Can anyone point me in the direction of a referral so that we can add this tool to our real estate's arsenal of weapons to help aid our clients more efficiently?
8 May 2024 | 24 replies
You can often get better deals on a 50-unit, but you will have lower operational efficiency than you might have on a 200-unit.
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7 May 2024 | 13 replies
Let's break down the pros and cons of each approach:Forming an LLC in the State Where the Property is Located:Pros:Compliance with Local Laws: Establishing an LLC in the state where the property is situated ensures compliance with local regulations and laws specific to that jurisdiction.Legal Clarity: It provides clear legal jurisdiction and may simplify any legal proceedings related to the property in that state.Perception: Operating with a local LLC may give tenants and local authorities confidence in your commitment to the community.Cons:Additional Costs: Setting up and maintaining an LLC in another state means incurring additional registration fees, taxes, and possibly hiring local legal counsel.Administrative Burden: Managing multiple LLCs across different states adds complexity to your administrative workload, including extra paperwork and compliance requirements.Tax Implications: You may face tax obligations in both the state where the property is located and your home state, potentially leading to double taxation or complexities in tax filings.Managing Through Home State LLC:Pros:Simplified Management: Handling all properties under a single LLC streamlines administrative tasks, reducing paperwork and simplifying tax filings.Cost Savings: Avoiding the need to establish multiple LLCs in different states saves on registration fees, legal expenses, and ongoing maintenance costs.Consistency: Uniformity in management practices and legal structures may contribute to efficiency and ease of operation across your real estate portfolio.Cons:Legal Exposure: Operating out-of-state properties under a home state LLC may expose your personal assets to the laws and liabilities of the other state, potentially diminishing the liability protection the LLC offers.Compliance Challenges: You'll need to ensure your home state LLC meets the legal requirements for conducting business in other states, which could involve additional filings and fees.Perception and Credibility: Some tenants or local stakeholders may prefer dealing with a landlord who has a local presence, which could impact your reputation or relationships in the community.Ultimately, the decision depends on your specific circumstances, risk tolerance, and long-term goals.
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6 May 2024 | 18 replies
Efficiencies of scale, debt mechanisms, etc., will tell you to operate differently.
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5 May 2024 | 6 replies
I am having trouble finding a reliable, efficient, easy to get a hold of, and good handyman work.Usually, people located in Virginia Beach do not want to make the trek out to downtown Suffolk.
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5 May 2024 | 3 replies
Block is still a good insulator, water/termite resistant, and hurricane proof, while there's room for improvement in windows, insulation, AC efficiency etc.