Jessica Howell
Funding LLC's, deposits and draws
19 November 2024 | 12 replies
You can always withdraw money from your personal to LLC or vice versa, however, it's important to draft an agreement by calling it "letter of advancement" so it can be documented when you advance/lend money to your LLC or retrieve money from your LLC to your company for legal and auditing protection.
Stuart Udis
Structuring your entities for anonymity is NOT asset protection
21 November 2024 | 39 replies
Sure enough, a few weeks later, I got a letter from an attorney, photos of his client injured from a slip and fall, and a demand letter for $10,000.
Jake Tiffany
Marketing to Marketers
15 November 2024 | 5 replies
I get calls, texts, cards and letters constantly on this rental.
Jose Remor
Leaving a property management company.
25 November 2024 | 19 replies
You have to know how to screen tenants well, know the landlord tenant code thoroughly, know how to send proper notices, when you can charge late fees, what to do if a tenant doesn't pay etc.I can't tell you how many owners have come to us over the years who thought they could manage on their own and got all the way to court, only to find they didn't follow proper protocol with notices or the late letter etc and have the case thrown out and have to start again.Also, are you local to do inspections?
Derek Leggett
Investor/contractor in Atlanta
13 November 2024 | 7 replies
So far, it has delivered on expectations.
Account Closed
Tenants are escalating mold situation
19 November 2024 | 15 replies
Majority of mold complaints are tenants panicking and/or trying to get free rent out of their landlord.If they do get an attorney involved, their attorney will send you a written notice, which will lay out the issues and often tell you to give the letter to your insurance company.Don't bother with this, but you can discuss with your agent.When you or your PMC (or both) receive a legal notice of a case started, that's when you want to get your insurance company involved.Recommend you keep a record of all your communications with your PMC about this issue.
Michelle Glover
Lots of offers but appraised low
19 November 2024 | 26 replies
So far, we have received this advise from appraisers in the Maple Heights area: 1) Attach all offers so the next appraiser can better understand the market value, 2) Provide a letter from the Maple Heights Building Department discussing the addition of the egress window making the bedroom conforming livable space, 3) provide comps for similar properties sold in the Maple Heights area (these do not have egress windows), and 4) create an itemized list of improvements and cost for renovations to the property.We are grateful to the Bigger Pockets community for their advice as well.
Harrison Pruett
Newbie Here! | Tips, Tricks, & Advice Appreciated!
14 November 2024 | 25 replies
GrumpyHare delivered on their end.
Scott Trench
Purchasing a small Office Building
22 November 2024 | 13 replies
If you obtain letters of interest, you can exercise your option.
Shibu Thomas
renting out a basement apartment.
20 November 2024 | 18 replies
He used old receipts and even letters that mentioned it!