Hello Bigger Pockets, My team and I are looking for a tip to point us into the right direction of how to convert our current tenant from regular rent she pays to a Sect. 8 Voucher (where rents in that zip code are much higher), she will have a percentage of the monthly rent paid for her by the government.

We're primarily curious as to whether or not you saw your lead number increase after actively marketing yourself as being associated with the program, if the client-side process is streamline when receiving their rebate, and if there are any other headaches we may not be considering?

So if you want to chat call, text, or email me direct anytime.I've closed over 500 transactions in the last few years, with 75%+ of them being with NY investors, and not a SINGLE one of them have an ill-performing property. 

My Vegas guy has me buy the unit directly from the wholesaler with a CC.

Once you begin to generate leads that fit their recent purchases/want to buy, run the numbers based on the ARV after repair value for after when they develop/fix n flip and subtract cost of build/repair, your assignment fee, and the original cost of the contract.

Doing so may be considered illegal retaliation and could lead to legal consequences.It's crucial for both landlords and tenants to be aware of their rights and responsibilities regarding rent increases to ensure a fair and legal process is followed.

You can learn to do this independently or get a rockstar REALTOR to lead the way.

This also leads owners to ASSUME simpler is better when it comes to management contracts.

Standard Operating Procedures (SOPs) for lead generation, follow-up, marketing, etc. 

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.