Until about a year ago we were using a bookkeeper to manage our books in quickbooks.

My property manager is still taking out Franchise tax monthly and I'm neg negative $200/month and I don't know what to show them to stop them from taking that franchise tax from my proceeds.1) Do I have to put my property to my WY statutory trust as I do with my other state properties to their LLCs?  

The fact of the matter is that banks do not want to be in the property management business. 

The most attractive feature of the state was relative affordability and no state income tax. 

If you rent to someone relatively new in their first ownership venture, the most probable agreement is one calling for a monthly payment with a percentage of the revenue on top.  

Many of us get frustrated self managing and seek a property manager for various reasons.For me, it was a combination of problem tenants for one of my properties, then a few months later I moved across the country and came to the conclusion that hiring a full time PM would be my best course of action to maximize efficiency on my properties.

Investing in New Builds: Considerations and ProcessNew Build Investment Options:Build and Sell (Fix and Flip):Pros: Potential for high profits with modern appeal.Cons: Requires significant upfront investment and market risks.Build and Hold (Long-term Rental):Pros: Attracts quality tenants, potential for higher rental income.Cons: High initial costs, market fluctuations.Process Overview:Market Research: Identify high-demand areas.Land Acquisition: Purchase suitable land.Design and Planning: Work with architects and obtain permits.Construction: Oversee build quality and manage costs.Marketing (Fix and Flip): Highlight new features to attract buyers.Tenant Management (Rental): Implement thorough screening processes.Advice:Educate Yourself: Understand local regulations and market dynamics.Risk Management: Prepare for potential delays and cost overruns.If you have any other questions/just want to discuss feel free to reach out to me directly!

My property management company was "negligent" in keeping moss and algae from growing on the wood steps, rendering them slippery after a rain.  

How did you go about interviewing, hiring, training and managing them? 

Hi Anthony, are you local and managing yourself or out of town?