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1 July 2024 | 2 replies
The specifics should be clearly outlined in the lease agreement.Documentation and Approval:Document the TI allowance in the lease agreement, specifying any conditions or restrictions.
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1 July 2024 | 5 replies
(Again, you could be comingling, depending on what your plan was for this).4th issue, in trying to keep the existing parent LLC functional for potentially both, it makes it unclear the purpose of the LLC in the first place (this is something typically indicated clearly in your Operating Agreement, assuming you have one).
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1 July 2024 | 1 reply
Consider equity shares, profit-sharing arrangements, or other creative financing structures.Legal and Financial Structuring: Work with legal and financial professionals to finalize agreements and ensure compliance with regulatory requirements.If you have any other questions, just want to discuss, or need a loan officer please feel free to reach out to me directly!
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1 July 2024 | 13 replies
The short term rentals are a lot more work than the mid term rentals but it is a nice mix.Since we are sharing our home, we have a home sharing agreement that our guest signs for the mid term rentals.
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1 July 2024 | 22 replies
You can however have the payment added to sellers DTI and then offset it with a rental lease agreement that the buyer can provide them and their lender can order a rent schedule completed by appraiser.
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30 June 2024 | 1 reply
I'll give you some ideas.I would start with your LLC operating agreement.
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30 June 2024 | 6 replies
If an occupant doesn't pay and violates a leaseholder occupant agreement.
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29 June 2024 | 4 replies
@Lucas Hunt50/50 is not uncommon - but also partners breaking up is also highly likely so what I would recommend is in the company operating agreement or in some type of agreement make sure you went through all the what ifs that could happen and how they would be resolvedIt’s a lot better to resolve them now versus when their is a dispute
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30 June 2024 | 4 replies
Created an operating agreement and have it dated and notarized4.
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30 June 2024 | 7 replies
They will handle all aspects of renting out your second home.Long-Term Rentals (LTR): The management firm can find long-term tenants for your property, screen potential renters, handle lease agreements, and manage any issues that arise during the tenancy.Seasonal or Short-Term Rentals: If you prefer to rent out your property on a seasonal or short-term basis, the management firm can handle marketing, bookings, check-ins, check-outs, and cleaning between guests.