
10 July 2024 | 50 replies
One I bought that house and 2 I attended each day of the sale and recorded how much each sold for.

8 July 2024 | 1 reply
While the bank may have facilitated the transfer without issue, updating the title is still important for legal and liability reasons, particularly for tax and asset protection purposes associated with LLC ownership.The title company has indicated they can handle the title change process, which typically involves filing paperwork with the appropriate local government office, such as the county recorder or registrar of deeds.

11 July 2024 | 17 replies
I will pay for some mastermind groups in the future, but that is after I have a track record where I can partner and work with the biggest fish in the mastermind group.

9 July 2024 | 2 replies
Build a robust risk management framework to protect assets and instill confidence.Key Factors to PrioritizeEvaluating PeopleAssess the capabilities, track records, and reputations of the management team and key stakeholders.

10 July 2024 | 31 replies
Maybe get the tenant on record saying the last time they swapped them out.

10 July 2024 | 17 replies
The have a software option that's affordable and links our PMS Hostfully to QBO to automate a lot of record keeping.

9 July 2024 | 12 replies
I have used Zillow and found it to provide reliable information, including criminal records.

8 July 2024 | 17 replies
They compounded the issue when they falsified records trying to justify the eviction.

8 July 2024 | 14 replies
Legal records can be harder to examine the further away a tenant moves or the more time that has passed, making them easier to miss.

8 July 2024 | 2 replies
This separation helps in maintaining clear financial records and simplifies tax reporting and financial management.Setting up an escrow account specifically for rental income within your LLC can offer several benefits:Financial Clarity: It separates rent payments from other operational expenses, making it easier to track income and expenses related to the rental property.Legal and Compliance: Helps in demonstrating that rental income is kept distinct from personal or other business funds, which can be important for legal and tax compliance purposes.Tenant Transparency: It provides transparency to tenants and other stakeholders regarding where rental payments are deposited and how they are managed.While it may not be a legal requirement in all cases, maintaining an escrow account specifically for rental income is a prudent practice that many experienced investors and landlords follow.