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12 February 2025 | 9 replies
If the lienor failed to follow the statutory requirements to perfect the lien, the title insurer will probably advise the management company of the problem and request they record a release.
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20 January 2025 | 0 replies
Conveniently located near major routes, this property blends modern amenities with rural charm close to Etna Pond.
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14 January 2025 | 7 replies
@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.
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6 February 2025 | 18 replies
We have two properties in SLC area and manage from out of state.
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11 February 2025 | 4 replies
If it's a lender that does not allow me to speak to an underwriter, see guidelines, or speak to an account manager, I will try not to work with them, unless I know the Account Executive is very experienced.
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7 February 2025 | 8 replies
You must learn to manage the property well.
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21 February 2025 | 5 replies
Building a strong team (agent, contractor, lender, property manager) is key—seek referrals from experienced investors.
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20 February 2025 | 10 replies
This is a question for your attorney and accountant on how you will manage the company etc.
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7 February 2025 | 9 replies
You may want to make an introduction between your CPA to those 2 colleagues.The CPA can go over their services and pricing to your colleagues.I partner with many people on real estate deals - It never gets to a discussion on whether they do their own tax return or hire a professional.If a partner mentions he will provide capital - does he provide the capital on a timely manner.If a partner mentions he will find deals - does he find many deals and provide an analysisIf a partner mentions he will manage a property - does he manage the property well(find tenants, collect rent, communicate with contractors, etc)
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29 January 2025 | 0 replies
It was the worst house in the best location. 5 acres just above a lake outside of a desired town.