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20 June 2024 | 5 replies
I have a realtor who listed my house and created a lease agreement from the company that she works for, but i’m looking for a real estate attorney that can see if there’s anything i can add/edit for further landlord protection/clqrificatio and to verify that I am being protected. it's my first house that i’m managing on my own so it’s a bit nerve-wrecking.We do have a prospective tenant that seems she’d be a good fit; however, she’s requesting some things that i’d like clarification on to see if it's possible to meey and would like an attorney to set eyes on.Let me know!
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18 June 2024 | 8 replies
I self manage and like having full control over the whole thing.
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19 June 2024 | 32 replies
Both FNMA and FHLMC permit this, under the following circumstances: Notes: For all such transfers affecting mortgage loans purchased or securitized by Fannie Mae on or after June 1, 2016, the transferee is not required to occupy the propertya limited liability company (LLC), provided thatthe mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, andthe LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).The servicer must notify the borrower that a property transferred to an LLC must be transferred back to a natural person prior to any subsequent refinance application in order to meet Fannie Mae’s Selling Guide underwriting requirements.Citation: D1-4.1-02: Allowable Exemptions Due to the Type of Transfer (04/13/2022)Now, you will still have the Note and reporting in your name individually and will still be personally responsible for the mortgage and most likely, the manner of transfer will enable any litigant to pierce the veil of your LLC, but you'll have what you wanted, for whatever reason.
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20 June 2024 | 14 replies
In 25 years of property management, I have never heard one good reason for a landlord to disclose to the tenants that they are the ultimate owner.In most cases, it's pure ego on the part of the investor.
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20 June 2024 | 13 replies
Keeping it close to home in Maine would make management easier, especially if you're hands-on.
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20 June 2024 | 6 replies
@Michael Mastantuono, my fiancé and I own Brentwood Property Group, where we manage 60+ properties in the Indianapolis area, mostly STR!
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20 June 2024 | 6 replies
They then manage the property using their property management arm of the company.The property had 3 beds 2 baths.
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20 June 2024 | 7 replies
I am a Real Estate Agent and Business Development Manager for a large Property Management Company in St.
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21 June 2024 | 3 replies
Long distance property management can be a challenge, where even a small problem can become a big problem.