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20 June 2024 | 2 replies
Each series can own different properties, protecting each one from liabilities related to others.
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21 June 2024 | 21 replies
These often generate higher income compared to long-term rentals, though they do come with increased management responsibilities.- Improve Property Management Efficiency: Since you handle management yourself, consider investing in property management software or hiring a part-time assistant, even a VA.
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20 June 2024 | 14 replies
Following David Green's Core 4 strategy (realtor, contractor, property manager, and lender) gives confidence to invest anywhere.
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22 June 2024 | 2 replies
I currently just have a 2-door honda that I will use for business travel/managing the rental.
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23 June 2024 | 7 replies
I'm rereading Brandon's book on Managing rental properties and he mentions that you need to give everyone an opportunity to apply, even if they don't meet the minimum criteria you have set.
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20 June 2024 | 4 replies
This is privately arranged property management.
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22 June 2024 | 6 replies
I was wondering if anyone here has managed to do a new construction BRRRR in the more expensive states.
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24 June 2024 | 14 replies
They will have for these new projects their own property management arm, an insurance option as well i'm told.
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23 June 2024 | 11 replies
To mitigate this risk without using an LLC, consider:Umbrella Insurance: This provides additional liability coverage beyond your standard homeowners insurance.Equity Stripping: This involves placing a lien on the property to make it less attractive to potential creditors.Land Trusts: These can provide some anonymity and protection while allowing you to maintain personal ownership.Insurance:Ensure you have comprehensive insurance coverage, including:Property insuranceLiability insuranceFlood insurance (especially important in Florida)Loss of income insuranceLegal Structures:While you've decided against using an LLC, consider consulting with a local attorney specializing in real estate investments to explore other potential legal structures that might offer protection without the tax implications you're trying to avoid.Property Management:Given that you're based in Europe, consider hiring a professional property management company to handle day-to-day operations, tenant screening, and maintenance issues.Market Research:Thoroughly research the specific areas in Florida where you plan to invest.
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22 June 2024 | 3 replies
They are actually neighbors to my parents rental so we have some relation to them.