Jonathan Greene
If You Never Want To Hear About Columbus In the Forums Again, Reply Here
20 October 2024 | 147 replies
I will then share it with you for your reference.The purpose of this meeting is to have a productive discussion about how I can improve my company to benefit the BP community and the company's financial growth in a way that adds value to the stakeholders of BP.I am married to a corporate big law attorney and employ many others.
Heidi Jensen
Wyoming Holdings Going Away?
26 September 2024 | 5 replies
Hey everyone, I talked to a laywer the other day that told me under new federal regulations you still have to release the names of the stakeholders.
Cj Powderhorn
Typical time between tenants
22 September 2024 | 13 replies
In the end, if you have a good relationship with the companies, don't wait to ask for a call with the stakeholders.
Nathan Gesner
What Do You Think About "Good Cause" Evictions?
10 September 2024 | 43 replies
When considering suchpolicies, the City should involve stakeholders most impacted by therental housing policies.
Rajagopalarao Paidi
Any recommendation on forming out of state LLC or Home State LLC
26 August 2024 | 8 replies
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.
Christopher Smith
Can anybody explain why there been no legal challenges to Good Cause Eviction in NY?
22 August 2024 | 1 reply
Surely the mighty NY real estate industry has stakeholders with deep pockets and an army of attorneys to work on this thing, no?
Mikhail Pritsker
Sponsor underwriting. Part 2.
16 August 2024 | 0 replies
By following a structured screening process, investors and stakeholders can make informed decisions based on comprehensive evaluations of potential sponsors.
Christopher Smith
Why have there been no legal challenges to Good Cause Eviction in NY?
12 August 2024 | 0 replies
Surely the mighty NY real estate industry has stakeholders with deep pockets and an army of attorneys to work on this thing, no?
Andres Mata
01/2024 - Thoughts on Syndications / Investment Clubs
26 July 2024 | 49 replies
There is practically no regulation on these syndications aside from a statement from the stakeholder.
Mikhail Pritsker
Underwriting Tricks: Mastering the Basics and Beyond
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.