The transfer of property from your personal name to an LLC, even if that LLC is 100% solely owned by you, would not qualify as exempt from the realty transfer tax.

Worked with Jonathan Smith with Blue Chariot Realty

ZACHARY FOUSTagent with Myers Realty.

If the repairs are for damages caused by the tenant, your PM should be billing those repairs to the tenants.If the inspections show far too many repairs are needed, I would engage a real estate professional to give you an idea of valuation and net proceeds, to assess whether you should sell.Happy to intro you with our PM and/or realty team to see if they can help.

You can also see what product other landlords are putting out.Property managers - You can call up a local realty office and ask to speak to someone from Property Management.

Sandy Bailey Bristol (Sandy’s Property Management)(517) 285-5509Bree Garrett (Good Company Realty)(517) 706-9294David Johnson (Simply Live Property Management)(517) 927-5003

I don't have any rental market insight for that area, but I did work a little bit with Tim Horton from Wickstra Realty in Shelby and he was great to work with.

OR it could be a gross number from a local rental mgmt company that then takes 40% (on average) and is sometimes inflated.If you are going to self-manage remember when doing your evals to include the Gross Taxes which vary from 0.5% to 1.75% depending on location and are not pass-thru.Avery Carl is here on BiggerPockets and works realty in the area I understand.

@Rick Birkey I have 8 four Family Properties managed by Radius Realty and like them very much.

Hey Sean, I'm in Magnolia and share the same interests.