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29 January 2025 | 8 replies
@Steven Wetherillwhat about property management?
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22 January 2025 | 15 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.
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14 January 2025 | 7 replies
@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.
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11 January 2025 | 15 replies
Try interviewing at least three managers.1.
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24 January 2025 | 21 replies
It also includes managing your existing investment well to ensure you aren't bleeding money due to bad tenants, excess maintenance, etc.
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28 January 2025 | 3 replies
The art is in accurately projecting numbers, which is notoriously difficult.Forget complex investing strategies as someone new to RE.
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30 January 2025 | 19 replies
Even though I wasn't a good asset manager, I made money on my properties.
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19 January 2025 | 2 replies
This burnout led to me selling off my rentals, dissolving my business with family, and having my mother take over managing her own units.
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30 January 2025 | 48 replies
So they are good paying retail.. we had 5 to 7 offers on each project .
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6 February 2025 | 6 replies
I've been buried with tax preparation and a couple projects, so BP moved from the back burner to completely off the stove!