Quote from @Paul De Luca: @Wally BurbageI assume it works for you if that's the way you've been doing it?

Delaware, town home, $1,100/month

@Aldwin De TorresWhat are the numbers on the deal

It was first created in 1996 in Delaware, over two decades ago.

Someone needs to build an interface from AppFolio and Buildium into QB.No tracking of which rents were received or not receivedNo tracking of proper security deposit application to expense reimbursement or lost rentNo tracking of loss to leaseNo tracking of vacancy costNo split of repairs for expenditures over and under the $2500 de minimis limitNo tracking of re-positioning costs vs operating expensesExpense misclassifications by the PMKeying summary information may work for a few units but not at a larger scale and not for managing the PM and the business.

@Jonathan HolmesDo you have some recommendations of how to "de-needify" a tenant?

Do i just form a Wyoming or Delaware Holding company LLC and place the other 3 LLCs under it for maximum liability protection?

Oh and raising the rent exorbitantly in order to force a de facto eviction is a terrible idea as your lawyer is going to tell you.

Opening a single-member LLC is a de minimis cost.

Hi everyone, I am i n the process of setting up my Delaware LLC and am preparing to draft my Operating Agreement.