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23 February 2025 | 107 replies
They don't talk about state specific title companies and contracts.
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25 February 2025 | 7 replies
U want to google insurance companies who place their clients that have had fires etc.thats what I do for the last 5 years.. top quality tenants no need for PM .. backed by insurance.my unit normal rent about 2k we get double that.. ours is townhouse Gated prime area of Summerlin.. not all areas are great in Vegas the closer to the strip the grungier it gets.
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21 February 2025 | 4 replies
We have a checkbook LLC account with Titan bank that we setup from our SDIRA company and haven't had any issues for the last year from any transactions.
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11 February 2025 | 6 replies
My business partner and I just opened up our property managment company in the Chicago/Chicagoland area and it is not easy to do this the "right way".Honestly you can get yourself into some serious trouble if something happened with a tenant, an injury, anything and they sue and find out you don't have a license.
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9 February 2025 | 15 replies
There are short-term rental management companies that can help with that.One that I work with in Michigan covers the entire state and can advise on local short-term rental regulations or regulations that may be on the way, they can give you an analysis of the demand for short-term rentals in that area, nightly rates in that area, monthly occupancy percentage, and projected monthly income.They also let you choose the level of service you would like from them from full service to minimal.To your success!
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31 January 2025 | 7 replies
Same goes for number of LLCs and what to fund them with, since bear in mind that CA tends to be more cumbersome and expensive to have LLCs than other states.California is generally more cumbersome than other states when it comes to taxes and filings.
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13 February 2025 | 22 replies
Real estate tends to go up and you don't want to be undercutting yourself over time.
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22 February 2025 | 2 replies
I asked my CPA if I should check with my mortgage company before transferring the deed, but they advised that I just do the transfer through an attorney and not explicitly inform the bank.A few attorneys I consulted also had mixed responses, saying it may or may not be an issue, and that many investors do it without problems.Instead of transferring the properties directly to the LLC, would it make more sense to:1.
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18 February 2025 | 6 replies
The home will need some work, but I am excited about it.I would appreciate any recommendations for a reasonably priced insurance company for the unit while I am rehabbing it.
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20 February 2025 | 10 replies
Under "Start a Business", choose "Limited Liability Company" and follow the directions.