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29 January 2025 | 2 replies
I only know a few local realtors/ property managers I’m going to meet with them this week to ask more questions.
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4 February 2025 | 9 replies
Quote from @Gregory Wilson: A few things there, Brendan.First, an LLC with you as a member and your (wife, son, pal, etc.) partner as a 1% member will file a Form 1065 which is about one tenth as likely to be audited by the IRS as a Form 1040 with a Schedule E rental activity (which I presume you will attempt to show is an active business).Second, you want an LLC because when your local Alabama handyman drives his girlfriend's uninsured truck into a van load of U of A medical school interns on I-22 when he goes to get some shingles for your roof, on your business, you don't lose everything you have or ever will have to an uninsured claim.
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29 January 2025 | 4 replies
If you’re unsure about which specific account to choose, ask a local CPA or banker, since every situation can vary.
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9 February 2025 | 14 replies
See if you can find a local credit union that is willing to work with you.
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28 January 2025 | 8 replies
Another trick from investers I’ve worked with is chatting up folks at local meetups who’ve recently navigated the same municipality.. they’re often happy to share how fast or slow things move.
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22 January 2025 | 7 replies
@Luke Spencer I am not on the management side but I can tell you it took 2+ years to fill 300 units at one of our facilities and the other just hit 300 units in 12/13 months so it really depends on the demographics, and local housing market trend, the more people moving in and out the higher the demand for storage.I think if you're looking at a saturated market then the upfront cash to turn the warehouse into self storage is not a good idea but then again, maybe those operators are on back roads ( low visibility ) and don't push google ads well.
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9 February 2025 | 3 replies
I don’t want to keep up on local, state and federal law changes so they keep me legal.
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23 January 2025 | 30 replies
I'm also hopeful to get some local cooperation now that he's claiming partnerships with local government.
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29 January 2025 | 2 replies
I moved to a new state and was curious to see if I should open a new LLC for a new state and if anyone had reccomendations other than a local attorneys office to create one.
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31 January 2025 | 3 replies
If you want to only do PM I'd recommend just looking on LinkedIn, or Indeed and applying for local apartment communities.