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Results (3,886+)
Rajagopalarao Paidi Any recommendation on forming out of state LLC or Home State LLC
26 August 2024 | 8 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.
Paula Hultgren-Ruff New WA State Rental laws
26 August 2024 | 5 replies
Usually these fall into 2 groups:   Additional protected classes,  mainly source of income,   and inspection/registration requirements.  
Matthew Rolf New to Central Florida / Orlando
26 August 2024 | 7 replies
Pm me if you’re interested and I’ll send you the registration link.
Mila F. We only approve fixed dogs/cats. Are we supposed to exempt ESAs from this rule?
29 August 2024 | 33 replies
They have not proven it is an ESA and they are probably fraudulent because there is no such thing as a "registration" for an ESA.
Hector Lopez Registered Medical Dogs, what to do?
24 August 2024 | 4 replies
Do have currant registration as well as a Dr. letter stating that they are not pets but register therapy dogs."
David Colthart How to BRRRR in Ohio in 2024
24 August 2024 | 26 replies
Rental Registration billed per unit $70 have to renew every  year 2.
Mike Mullen Looking to get started - Looking to talk with an experienced NJ investor
21 August 2024 | 18 replies
It's important to know and consider the max rent potential, cost of rehab, and municipal requirements (rent control, registrations, inspections).
Carolyn Yates STR in East Boston
13 August 2024 | 15 replies
Airbnb & VRBO require a valid Boston registration number in order to list your Boston property on either of their platforms.Airbnb has a pretty easy to read help page for Boston hosts.
Brian Cannon Potential STR Areas in in Tx
12 August 2024 | 6 replies
Garland code compliance oversees the rental registration program.
Ryan Anders Newb to STR in Houston Market
12 August 2024 | 13 replies
The initial phase will involve a registration requirement and an as-yet-undetermined annual permit fee per unit.