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5 April 2024 | 4 replies
So I would think that any good cleaning company could come and do a deep clean after a 3 month stay just like you would with a LTR tenant flip.There should be a ton of cleaners in that area.
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5 April 2024 | 20 replies
I bought the building that my C corp business rents with a LLC company I own.
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3 April 2024 | 6 replies
Quote from @Yates Harris: Yes, you are overthinking it.Insurance companies are in the business of making money.
3 April 2024 | 6 replies
The 3rd party property management company wants this onsite manager to be the employee of my LLC, which I am not sure with.
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6 April 2024 | 15 replies
That gives a clear consequence to the tenant, and also gives the property owner a clear reason to evict (if necessary).If you're unsure about the legalities or the best approach, consulting with a property management company familiar with local laws or a real estate attorney could be invaluable.
6 April 2024 | 5 replies
Then, you’ll pay the agent (say 3% for the sake of argument, $5,400, since they’ll be doing a lot of work for you on this - I’d order that prelim/TRIO with my escrow company, and help you find lien records if any, plus provide all the contractual guidance to make sure you don’t lose your earnest money).
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5 April 2024 | 2 replies
you should get a RMLO or an underwriter to qualify the borrower. if its owner occupied and in florida you also will need to use a third party servicing company to service the loan which will run you around $450/yr. not an accountant but its my understnding unfortunately the interest income is going to be taxed at ordinary income and the principal will reduce the principal. how you offset the losses talk to your CPA.your best bet honestly is to just sell it and bite the bullet.
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3 April 2024 | 3 replies
I have a property management company that is handling this but running into issues.
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3 April 2024 | 6 replies
The second pillar is a good insurance policy as that cover the majority of your exposure.
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5 April 2024 | 2 replies
We are in the process of building a property management company, does anybody have a simple Property Management Agreement you can share with me?