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17 February 2024 | 11 replies
Maybe compare real estate to owning a restaurant, or a 7 eleven, or a public washing machine place.
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17 February 2024 | 5 replies
It may lend you a little privacy, but folks who want to find you will just look up who created the LLC and then find you.That being said, in MO, they are incredibly easy to set up, and are not that expensive to establish (~$50 last I checked, although that may have gone up) and doesn't require any input from an attorney or tax professional (in my state)Personally, I have an LLC bc I pay myself through an S-Corporation as a realtor...the savings come out in the wash, but it allows me to pay taxes quarterly and avoid end of the year surprises.Another reason you may need an LLC is if you are investing with partners, and/or seeking certain loan types ( I know hard money lenders often require an LLC)Once again, this isn't my wheelhouse, so at the end of the day, I would reach out to a tax professional to learn moreLong answer short: in my opinion, you do not need an LLC if your plan only involves renting out your inherited home
17 February 2024 | 4 replies
I could have washed out like most teenagers..
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16 February 2024 | 1 reply
Preamble - identifies Lessor (property) and Lessee (laundry vendor) - includes date of execution & lessor description and address, A typical lease will include number of apt. units and identifies number of units with connections (if applicable) - keep in mind that if you have in-unit connections for washes and dryers you present competition for the laundry room resulting in possibly reduced usage and reduced revenue.
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15 February 2024 | 42 replies
It took a year of washing to get the color right, and remove the stench!
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14 February 2024 | 2 replies
You can rent it to yourself, but then you would also have to declare that income, so it becomes a wash and not a write-off?
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16 February 2024 | 60 replies
It's like washing your hands and wiping them off with a dirty towel.
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14 February 2024 | 0 replies
Before buying any long-term, expensive assets such as vehicles or washing machines, we always read reviews, talk to friends and family, and research options before making the purchase decision.
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15 February 2024 | 72 replies
As for the smell, remove floor coverings such as carpets, remaining drapery, wash walls, and paint.
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13 February 2024 | 6 replies
I’m especially thinking of hand soap, body wash, coffee, and then towels and sheets as needed.Have you considered how you plan to manage pricing and messaging?