Ricky Smith
Advanages of setting up a separately run management company?
13 January 2025 | 3 replies
Hi Ricky,Being in operation for 10 years with mid seven figures of assets and NNN leases,it would be wise to speak with your tax advisor regarding if the tax set up should be an LLC, an S-Corp or a C-Corp.It would also be wise to speak with an asset protection attorney to find out if this is something that might be beneficial to you in that area.
Suzy Farman
How do you market your rental property insurance companies directly for temporary?
21 January 2025 | 1 reply
Listing your property there ensures visibility.Build Relationships: When agents reach out, respond quickly, highlight your property’s amenities, and showcase your flexibility to meet displaced families’ needs.Highlight Insurance-Friendly Features: Emphasize features like flexible lease terms, utilities included, and a fully furnished setup to attract insurance placements.This approach has helped me successfully market to insurance companies.
Rafael Valdor
Are there red flags in PM agreement?
20 January 2025 | 2 replies
If the Owner wishes toterminate the agreement during an existing tenancy the owner will be held liable for payment ofmanagement fees for the duration of the existing lease as well as a $300 + GST cancelationfee.
James Jones
New Investor Scaling Through Care Homes and Assisted Living
20 January 2025 | 10 replies
Now we are mostly scaling our business with larger communities but I've used many different creative finance strategies including seller finance, private lending, hard-money, collateral from other properties, and lease-options.
Robert Zajac
Managing my manager - how to best approach maintenance requests
21 January 2025 | 10 replies
Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.
Fred Scott
Feedback for Sunrise Capital Investors
29 January 2025 | 10 replies
Their company is pretty great at not responding to their communities people , not following local law yet alone their own lease agreements The uptick of lot rents I get it it’s business but also driving out affordability for people which again it’s a business so some may say that part is just the territory , but not following lease agreements , hiring poor management and then doing nothing about it when it’s escalated is a reflection on their business aswell best of luck.
Brian Fisher
Pocono Short-Term Rental Disaster - Management, Legal, Insurance?
29 January 2025 | 3 replies
Your decision to lease this property for short periods is what makes this a short term rental property, not the property itself.
Jacob Dalton
Should Cook County be a "No Go" Zone for Single Family Rental Investment?
22 January 2025 | 12 replies
That means having a great property manager and attorney.I've had a few problematic tenants since I started investing in 2019, but fortunately in each of those 3 cases we've been able to negotiate an early lease termination.All investments come with risk, so the key is to mitigate and manage it as best as you can.
Deshawna Fuller
Selling Rental property with Tenants
26 January 2025 | 2 replies
The property is currently tenant occupied on a month to month lease at $1150 per month.
Pamela Rivas
Seeking insights: Crafting a free guide for foreigners investing in Mexico.
17 January 2025 | 3 replies
The work around was a Mexican bank was the owner and lease it to the foreigner.