The LLC only holds the raw land and it's completely paid for.

Please double check this and make sure that wasn’t the amount for the raw land prior to the build.

In our experience, the #1 mistake landlords make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

From there, you have to decide whether you want to be a landlord or hire a property manager.

This is some of the highest valued residential land in the country. 

Warren Buffett’s Berkshire Hathaway, Donald Trump’s luxury hotels and skyscrapers, and Oprah Winfrey’s Montecito estate, "The Promised Land," all reinforce the undeniable power of real estate in building generational wealth.My journey into real estate was far from conventional.

Northern New Jersey has very little land, therefore the price to buy land is too high unless you somehow get it at a great price.

Then I would speak with a land surveyor or civil engineer to get a sense of what it would take to obtain all the entitlements and bring in the utilities, etc.     

If the property manager uses a payment app integrated with the property management software to collect rent for the landlord, this is not gross income for the property manager.

The Landlord’s Almanac group in AK.https://www.facebook.com/share/g/14VAQZ1cMp/?