And even if I do not get into the renting business I can make some profit if I decide to sell the property at some point.

I'm not sure if we can do business together, but we could certainly chat and see.

It separates your personal assets from your business, providing a safeguard if any legal issues arise related to tenants or the property.

People are busy with the holidays, and very few are focused on moving. 22 days isn't ideal, but it's not bad for this time of year.

Insurance companies and car dealerships and plenty of other consumer businesses close by.

Hi guys, I have some questions about putting property into LLCs/protecting assets, any information is greatly appreciated: Question 1: my understanding is that an LLC needs to be actively conducting business in its registered state in order for the LLC protections to apply, otherwise a judge could potentially pierce the corporate veil.

Line Item Fee Collected Rents 10% of All Collected Rents New Tenant Search & Onboarding $500 Business Hour Service Calls $80/hour + Materials Cost + Tax After Hour Service Calls $110/hour + Materials Cost + Tax HVAC Cleaning & InspectionGutter CleaningSpring/Fall Exterior CleanupSeasonal Mowing & Weed TrimmingSeasonal Snow PlowingGeneral Contractor Vendor Cost + 10% Oversight Fee

It's about to be your small business.

And even if I do not get into the renting business I can make some profit if I decide to sell the property at some point.

A lot of family businesses cannot stay in business upon parent death due to no longer getting the prop 13 property tax discount.