Hi - Getting very close to completing my new build construction and had 2 questions around De Minimus Safe Harbor rules/accounting1)  For appliances that I purchase BEFORE official "available to rent" date.

Purchase price: $305,000 Officially closed on my 2nd property.

Purchase price: $305,000 Officially closed on my 2nd property.

You, of course need to have a written agreement with them before selling the LLC to them and you will need to officially transfer ownership of the LLC to them using the legal means mandated by your state laws (check with a local RE attorney).This strategy is better than a double close because it's less risky and better than assigning contracts because offers are often made under LLC's so will be accepted more often than offers that stipulate assignment of contract.If you are already under contract under your own name or under the name of an LLC you do not wish to sell (like your company LLC), and your contract is not assignable, then you may be stuck with a double close.

Hi Trent,I suggest you and the family member meet with a lawyer and make it official.

Wyoming doesn’t list LLC members on any official docs.  

Exceptions are made for authorized family members, police, courts, official government business, and where the utility determines that the public interest in disclosure clearly outweighs the public interest in nondisclosure.”That said, it may still be worthwhile to submit a public records request.

Guess I'm not officially banned

According to the official website TenantCloud is CA privacy law compliant.

We are extremely proud to launch our book The Self-Managing Landlord  and it's officially out!