
6 August 2024 | 28 replies
He has tons on real estate investing. with a strong emphasis on tax minimization and asset protection.

5 August 2024 | 21 replies
You can explain that any changes to the lease must be carefully considered, as you want to maintain the original terms that protect your interests.If you decide to allow the change, you could draft an addendum stating that each tenant is responsible for their own rent.

5 August 2024 | 4 replies
That would give you more rent coming in per 'house' and also help protect against vacancies (ie one unit might be vacant, but you still have rent from the other unit coming in).

4 August 2024 | 8 replies
Your criteria should not include anything that would violate someone's rights as a protected class.

4 August 2024 | 5 replies
Here’s why:Liability Protection: By having separate LLCs, you limit the liability to the assets of each specific LLC.
5 August 2024 | 5 replies
A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

8 August 2024 | 46 replies
Of course, you can't protect yourself completely, but this will also help you prepare for buying the next properties a little better, and it's an exercise I generally do when I'm on a showing for a property I'm serious about so that I'm factoring this into my analysis to some degree in a "capex" reserve.Capital ExpenseRoofWater Heater x2All AppliancesDriveway/Parking LotBoiler x2FlooringPlumbingWindowsPaintCabinets/CountersStructure (foundation, framing)Components (garage door, etc.)

4 August 2024 | 13 replies
Plus, protect our name.

5 August 2024 | 13 replies
Which is really the crux of my argument here to is people jump through hoops "thinking" they are saving the world but I still cannot get anyone with 2+ million members here on BP tell me if they use a property manager and have reviewed and gone through their insurance policy on the property tell me what could they possibly be sued for that an LLC would protect them from?

5 August 2024 | 8 replies
I put several contingencies in my contracts to protect my buyers.