James McGovern
How do you identfy an agent that has successfully negotiated steep discounts on New..
26 August 2024 | 15 replies
It's because you didn't get rid of all the food and drinks left on the studs by the electricians and plumbers, before the sheetrock crew does their thing.
Kaias Blanco
What should I do when I'm 17 making 36,000 a year
27 August 2024 | 4 replies
If not, start learning a trade if you aren't already (electrician, HVAC, plumber, etc).
Forrest B.
Tampa roofing contractors
25 August 2024 | 3 replies
Does anyone have a reputable roofing contractor to recommend in Tampa?
Shannon Reynolds
Fraud or no?
25 August 2024 | 57 replies
An average client is not a certified plumber, electrician, or mechanic.
John D. Brown
property manager vs rentredi
26 August 2024 | 9 replies
The PM always has the out of saying they will talk to the owner and get back to them.Once a tenant is in place it seems possible to have a good network of handymen, plumbers, etc that could do maintenance calls, it seems maintenance is really the main thing the tenant cares about while they're in a rental.
Rajagopalarao Paidi
Any recommendation on forming out of state LLC or Home State LLC
26 August 2024 | 8 replies
Let's break down the pros and cons of each approach:Forming an LLC in the State Where the Property is Located:Pros:Compliance with Local Laws: Establishing an LLC in the state where the property is situated ensures compliance with local regulations and laws specific to that jurisdiction.Legal Clarity: It provides clear legal jurisdiction and may simplify any legal proceedings related to the property in that state.Perception: Operating with a local LLC may give tenants and local authorities confidence in your commitment to the community.Cons:Additional Costs: Setting up and maintaining an LLC in another state means incurring additional registration fees, taxes, and possibly hiring local legal counsel.Administrative Burden: Managing multiple LLCs across different states adds complexity to your administrative workload, including extra paperwork and compliance requirements.Tax Implications: You may face tax obligations in both the state where the property is located and your home state, potentially leading to double taxation or complexities in tax filings.Managing Through Home State LLC:Pros:Simplified Management: Handling all properties under a single LLC streamlines administrative tasks, reducing paperwork and simplifying tax filings.Cost Savings: Avoiding the need to establish multiple LLCs in different states saves on registration fees, legal expenses, and ongoing maintenance costs.Consistency: Uniformity in management practices and legal structures may contribute to efficiency and ease of operation across your real estate portfolio.Cons:Legal Exposure: Operating out-of-state properties under a home state LLC may expose your personal assets to the laws and liabilities of the other state, potentially diminishing the liability protection the LLC offers.Compliance Challenges: You'll need to ensure your home state LLC meets the legal requirements for conducting business in other states, which could involve additional filings and fees.Perception and Credibility: Some tenants or local stakeholders may prefer dealing with a landlord who has a local presence, which could impact your reputation or relationships in the community.Ultimately, the decision depends on your specific circumstances, risk tolerance, and long-term goals.
Bobby Sharma
WORST cities for permits, code enforcements, city inspectors
26 August 2024 | 28 replies
The reputation for Chicago continues to hold true.
Jenna Bamlet
Business partner separation
28 August 2024 | 17 replies
He’s obviously not motivated by friendship, loyalty, reputation, fairness, morals or ethics.
Kyle Ball
Should I go all in with 1031 exchange into DST/721 UPREIT stradegy???
26 August 2024 | 13 replies
I have been told by one very reputable RIA and a separate 1031 company that after I have been in the REIT for at least 1 year that I can pull up to my original basis out of the REIT without triggering any capital gains tax.
Account Closed
is Renatus the Real Deal or a Scam?
30 August 2024 | 70 replies
Their reputation is on the line with your local group.