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19 June 2024 | 12 replies
My guess is yes in which case, get a copy of the document and let the family pay the back rent.
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20 June 2024 | 23 replies
Do you plan on making a documented improvements to the property?
21 June 2024 | 10 replies
You would have ongoing filing requirements with the State and would need to keep business records and documentation.
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19 June 2024 | 3 replies
Each designated LLC has its own governing documents establishing its members, managers, and membership interests.
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20 June 2024 | 13 replies
What you need to understand is that you'll have to disclose two things in your offering document:1.
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20 June 2024 | 4 replies
But almost every realtor who does provides a level of service much lower than a PM because they do not:- Properly document the condition of the property before tenants move in, which hurts the owner on the back end when there are damages.- Market the property as well as a PM company, which increases vacancy periods and costs the owner money.- Properly / thoroughly screen the tenants, which increases the likelihood of a bad tenant and damagesNow, it can be done, but if you aren't even sure of what the industry costs are for PM services, I highly doubt you are currently skilled enough in the area to risk doing it.
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19 June 2024 | 5 replies
The Trustee of the trust is typically listed on title to real property, so while that may provide you some anonymity, you have to ask if you really want to track down that person to sign documents related to your real property?
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18 June 2024 | 9 replies
Document your hours using a log.There are court cases of taxpayers not having a log and their position was thrown out resulting in added taxes, penalties and interest.
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18 June 2024 | 17 replies
However, make sure you review all documentation before signing as quality control of closing documentation is lacking.
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19 June 2024 | 6 replies
They also allow improvements (with documented evidence) to the property to be backed off the sales price for basis.If you do not need the money and don't mind the cash flow, consider owner finance and carry it out for years.