Transparency and professionalism are core to how we operate, and we ensure all properties have clear, insurable titles before closing.

@Kyle Kulhanek To retitle your Chicago condo into an LLC for liability protection, start by forming the LLC with a clear operating agreement outlining ownership and responsibilities.

It cost him a few hundred bucks, but she was happy, and more importantly, he didn’t have to deal with an expensive lawsuit or bad online reviews.Here’s what I’d recomend doing:Check Your Legal Standing: Since the fence isn’t in her lease and not part of the surveyed property, you’re probably in the clear to remove it.

The time value of money still favors acceleration, but only if you have a clear path to eventually utilizing these losses.Don't let your tax savings get trapped in passive activity loss limbo.

This can encourage positive word-of-mouth and build goodwill if they’re ever a reference for your property.Ultimately, focus on fairness and clear documentation.

Cut expenses and work, no way around it.

I did go look at it, knew it was accessible by dirt road, and did a lot of research into who owned the easement.Won the auction, paid a tax title company to get clear title (right of redemption is 3 years). 

@Michael PlaksSorry if I wasn’t clear.

It’s better to cut your losses now.Hate the process of finding new tenants?

Your concerns are valid, and it's clear you value both guest experience and neighborhood harmony.Given that a minor increase in guests might not significantly boost your rates, maintaining the current plan seems wise.