The process protects both their system and users against fraud and aligns with banking regulations, especially given the financial data involved in property management.

I've also heard of requirements to own for at least one year before you can use the home as a STR.Hawaii is a leftist state that doesn't protect private property rights.

I was early, but I do now think they will pause cuts starting with their next meeting on January 29th (just 9 days after the inauguration).Folks in the press are already calling this month’s rate cut a “hawkish cut,” meaning that Fed Chair Jerome Powell will take time in his press conference tomorrow to downplay the speed at which the Fed will cut rates in 2025.

(Unfortunately, the investor fell for this gimmick and did NOT get their own 3rd party inspections, appraisals or even visit the properties they were buying, against our best efforts to encourage proper due diligence and follow our check list for their own protection.)So now some people are stuck with properties worth half what they paid (not all RWN members), with no renovation done, and constant repairs and vacancies. 

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

Many people in consideration of #2, take steps to protect the assets so that Medicaid cannot take those assets like a home.

An LLC is useful for two things: anonymity and legal protection.

A lawyer might be able to answer this better, but most rentals fall under fair housing laws (there are exceptions) and that protects against discrimination based on familial status which means children or someone who is pregnant.

Also, what if I hold financing in my personal name on some of these properties and I have simply moved them to the LLC for additional libiliaty protection where as I have to move them in and out of the LLC when I refinance?

This is primarily what makes their work product substantially lacking in correct English grammar, legal protections, timely professionalism and many other ways any Securities Attorney will point out to investors.