Aaron Maxwell
Can I just use a regular email address for my business?
3 June 2024 | 16 replies
The domain registration costs $20 a year and there are sites that will run the email for free.
Scott Trench
Good Fees Vs Bad Fees For Property Managers
5 June 2024 | 10 replies
It's interesting that many of these VC-backed PMC's, despite having 10k+ properties under management, aren't doing well financially - one of them just merged with another industry-related company also not doing well.Just for fun, here's a partial list of PMC expenses that owners pretend don't exist:Office rentComputers, printers & softwareInternet & phone billOffice furnitureOffice supplies: paper, postage, ink, etc.Office liability insuranceAuto expenses: monthly payment, insurance, gas, maintenance, registration/plate feesBroker license fees: annual, monthly board & MLS fees, continuing education fees, E&O insuranceEquipment: lockboxes, signs, etc.Business income tax preparation and paymentsStaff payroll & payroll taxes Time Tasks: answering phones, calling past due tenants, scheduling tours, taking marketing pics, processing those pics, writing ads, researching rent amounts, posting ads, explaining to owners how rent determined & showing where ad posted, opening & processing mail, posting payments, bank deposits, scanning documents & posting to owner & tenant portals, explaining accounting to owners so they understand their monthly statements, taking pics/videos of repairs, finding reputable handymen and contractors, confirming they're properly licensed & insured and tracking annually, verifying repairs done properly, processing invoices for utility bills, repairs, taxes, city inspections, scheduling periodic property evaluations/inspections with tenants that don't want strangers in their homes, explaining to owners why something is taking so long, and more & more & more...OBSERVATION: many owners only want to pay a flat fee or 50% of a month of rent as a leasing fee - without realizing the repercussions.
Ryan Summers
Where to form my LLC (CA resident buying out of state)
29 May 2024 | 4 replies
This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).
Joseph Ayoub
Rent by the Room and Occupancy Limits
29 May 2024 | 9 replies
2) Do you need a rental license or any registration with the county/city?
Usman Khan
STR deal in New Plymouth Ohio (near Hocking Hills)
28 May 2024 | 2 replies
Hocking County only requires a tax registration and then 6% of all booking revenue is paid to the county at the end of the month.
Kathleen Andrade
My Rental House was registered as Fraternity without my knowledge or permission.
25 May 2024 | 5 replies
I would send a letter to the tenants that the registration has been brought to our attention by a "concerned neighbor."
Brian Plajer
Tax/financial planning services
24 May 2024 | 17 replies
Depending on their level of certification / registration, they have a true fiduciary duty that they are required to disclose to you exactly how they are getting compensated - including if they are getting commissions on any of the products.
Amy Raye Rogers
North Dakota Private Lending Restrictions?
20 May 2024 | 8 replies
Also talk to title companies that do a lot of business with investors. from what i understand ND is one of 12 states that requires a state MLO license and NMLS registration for any loan that is on a 1 to 4 unit regardless if its owner occ or not..
Bob S.
HOA restrictions for rental in North Texas
20 May 2024 | 6 replies
Quote from @Bob Smith: HOAsThey can prohibit rentals or impose such crazy regulations you won't be able to rent.They can also change the regulations....I just saw an HOA first try to implement $300/year rental registration.
Mario Broughton
Are home owners losing their properties to fake foreclosures?
20 May 2024 | 11 replies
Quote from @April September: I don't drink coffee( never have ) and you suffer from mental illness ,called COGNITIVE DISSONANCE.My post was for the smart people who care about the truth.Enjoy your slavery and your stupidity and don't forget to pay your taxes, mortgage that you never had, " your" car registration and your prepaid utility bills.And of course, don't forget your vaccines.