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30 August 2024 | 9 replies
The presence of the dehumidiers is something, but -- and I'm no lawyer here -- I'd bet that's not enough to hang your hat on in a lawsuit.
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3 September 2024 | 51 replies
So leaving assumptions out of the equation, I will again state a warning that if it were me as the sponsor in this deal, I would first not offer such a high return on my prospectus, rather a much lower one and then if and when the returns did come in that high, I look like a GOD!
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27 August 2024 | 11 replies
The only reason we have requested his presence while contractor is there doing the repair purely because we are worried that the tenant might accuse the contractor damaged his stuff, etc. later.
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28 August 2024 | 7 replies
Ignorance of lead paint presence doesn’t exempt you—you must have a compliance letter to avoid strict liability.If you rent to a couple or a single woman and she becomes pregnant, the law requires you to delead the unit.
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28 August 2024 | 21 replies
In other words, if the person has an online presence, you can find out many things about them and then add them to your contact list.5) There is a nice follow-up feature that you can setup.6) Integrates with alot of the other different services that will allow you to "do business within your business".7) Can be used from within any browser and also has an IOS app for both my iPhone & Ipad.There is more that I can say about the service, but, I'll stop here.
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26 August 2024 | 4 replies
The only reason I’m even on this path is because God put me here and my friend invited me onto her acquisition team!
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26 August 2024 | 6 replies
@Alex Silang I just checked the rankings on AirDna, my company has presence in multiple markets.
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26 August 2024 | 0 replies
CEO Peter Haaber, who founded Zleep in 2013, sees this as a strategic move to strengthen Core’s presence in the Nordic region.Ireland: TPG Buys Quintain Developments, Leading Residential BuilderTPG Real Estate has acquired Quintain Developments Ireland, the country’s largest privately-owned residential developer, from Lone Star.
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26 August 2024 | 8 replies
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.
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26 August 2024 | 9 replies
Pay it and thank God that you've been so blessed with a great tenant.