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15 November 2024 | 7 replies
Changes some of my answer below, but here would be most of the types of transactions you would have in these accounts and between them.Property transactions would be: all property specific rents and expenses, allocated expense transfer to the master LLC and transfers to master LLC bank account for profit AND/OR property management fee.Master LLC transactions would be: Shared expenses going out, reimbursements/transfers from properties for their allocated share of those expenses coming in, the transfers from your properties deemed as profit AND/OR property management fee and then transfers to your personal accounts deemed as owner distributions.Other transfers that could occur is if the master LLC needs to transfer to the properties for capital expenditures above and beyond the reserves you might leave in their accounts.
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21 November 2024 | 39 replies
* your real estate being sued getting to your other assets (tenant falls and sues for all of your properties which had been your retirement plan)** you getting sued and it affecting your real estate (car accident where you hurt or killed someone)
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12 November 2024 | 10 replies
Charged me $1700 for the pro group in sleezy way (never issued or emailed one single invoice or pre-notify that the next monthly charge of $99 would occur).
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15 November 2024 | 9 replies
We'll see what occurs this coming year and how it will affect real estate.
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14 November 2024 | 10 replies
This should be defined in the lease agreement as to how it's covered (by the tenant or landlord) and how they're switched over when turnover occurs.2) Not sure if I'm understanding correctly, but any fees paid to the property manager should be separate.
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17 November 2024 | 30 replies
Then if you do sell later and you pay the tax, you are paying it with "future dollars" which are worth LESS because of all the inflation that occurred in the interim. 2.
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15 November 2024 | 15 replies
We'll see what occurs this coming year and how it will affect real estate.
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13 November 2024 | 23 replies
Just one of the many hiccups that can occur when a buyer doesn't work with an experienced multifamily broker that understands the potential pitfalls, how to avoid them, and most importantly, what a good deal looks like.Happy to chat further if you have questions Kyle!
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8 November 2024 | 3 replies
Bouncing payments or only being an illness or accident away from notbeing able to pay the rent, are issues considered by our underwriting.Letter Of ExplanationAny time there are credit issues or we discover an inconsistency, we require a written letter ofexplanation (LOX).
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8 November 2024 | 22 replies
These investors never experience meaningful appreciation, achieve inconsistent cash flow & loans are slowly paid down with most moving on from the asset before any meaningful debt paydown occurs.2.