Your attorney, or title company, whoever handles closings in your state, is going to prorate the property tax due as of the day of closing.

Maybe they should just start putting out these wild fires, instead of waiting to call in the airplanes after they wait for them to get out of control.Heat pumps with buried coils would probably handle it better than above ground heat pumps.

If it’s not their primary, that’s still how I would handle it as they’re going to owe depreciation recapture even if the IRS lets them out of the capital gains.

My title company handles my 1031's for me with no extra charge outside of the closing fees. 

I checked with my tax/accounting guy but he is not familiar with Series LLC so trying to figure out the right way  to handle this. 

As you've mentioned, it makes more sense for the investor who is very local to the property to handle it.What is your experience with the "Keep Chicago Renting" ordinance?

I haven't noticed any services that handle appealing property tax assessments in the Bay Area here.

I’m not sure they handle individual owners or just apartment and residential property managers?

If you have a property management company handling your property they will also typically charge you a lease renewal fee when renewing existing tenants.

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.