And most importantly they can help you vet out any potential lease applicant so you as the owner do not make a haste decision and lease the home to someone who may not be best tenant prospect

Every decision, from the strategic upgrades to the tenant selection, was made with an eye toward maximizing value.

This indicates that buyers are taking their time to make decisions, so sellers need to be patient and persistent.

After you get the info, you can make a better decision on whether and how best to appeal.

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.There are over 20 real estate accountants on this site.

Curious if anyone else received this same email from VRBO today:"Subject: Vrbo property rate discrepancy error – action requiredDear Partner,We're reaching out to let you know that we recently discovered a technical error that may have caused your rates to be displayed incorrectly to travelers who booked your property between July 29 – August 9, 2024.Please review the property rate for the following reservations IDs:XX-XXXXXX, XX-XXXXXX, XX-XXXXXXIf you believe one of these reservations was impacted, we ask that you honor it and contact Vrbo Support within 30 days of receiving this email to file a claim for the potential difference between the booked rate and your actual rate.You can reach Vrbo Support 24/7 at https://help.vrbo.com/?

@Tom Dieringer I would use two levers to make a decision for the choices you mentioned.

It's your decision if you want to keep the tenant or let them go.

There are alot of private equity firms out there that will take a leap of faith if the numbers are right and there are a pile of different loans that fit the multifamily arena.So ive come to the decision for me personally to do this for my first time without one of those mentorship programs that promise the sky and deliver dirt.

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.