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30 September 2024 | 17 replies
This is more common for commercial (5+ units, often lenders in this category want the owner/operator to have experience self managing or hire professional management), and not very common 4 units and under, IME.
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29 September 2024 | 1 reply
Any lawyers here who would be willing to review my real estate LLC articles or organization and operating agreement?
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29 September 2024 | 24 replies
If you are a broker who welcome agents with non-affiliation with board of realtor, or know of a broker who operates like this, could you please connect with me?
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2 October 2024 | 8 replies
You'll need a reliable network of local professionals (plumbers, electricians, handymen) you can trust.Hiring a Property Manager:Peace of Mind: They handle day-to-day operations, tenant communications, and legal compliance.Local Expertise: They understand the local market trends and rental laws in Colorado Springs.Cost: While there’s a fee, many find it worth the reduction in stress and time commitment.Lessons Learned from ExperienceBuild a Strong Local Team: Even if you manage the property yourself, having a dependable local handyman and a real estate attorney can save you headaches.Leverage Technology: Utilize property management software for rent collection, maintenance requests, and tenant screening.
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1 October 2024 | 37 replies
Are you talking operating a property, looking for a property, or what??
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30 September 2024 | 3 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.
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1 October 2024 | 3 replies
It'll create a safe haven for businesses to operate securely, should provide a good boost in jobs.New York is the prime example of what having a stadium within a city can do for the local economy.
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30 September 2024 | 1 reply
I am also operating in several markets in Florida.
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2 October 2024 | 9 replies
It feels to me that anything with negative operating leverage is just a non-starter.
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1 October 2024 | 9 replies
It also is helpful to have a California LLC in case you ever sell that property and move into another state so that you do not need to form a new LLC altogether with new operating agreement, just re-register in the new state as a new foreign LLC.