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27 April 2024 | 19 replies
There's a couple of things that make this more attractive than the other option sugggested of forming a new LLC to own the property.First is the expense and reporting involved in another LLC entity.Second though and more important in my book is that by having your LLC own a TIC interest and having your partners LLC own a TIC interest you keep the utmost flexibility available to you as you move forward with that property to eventual sale and possible 1031 exchange.
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27 April 2024 | 2 replies
I currently rent out 3 of the 4 rooms (all MTRs) and keep 1 for myself.
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27 April 2024 | 7 replies
If you have tenants, ask them to help keep the place neat for showings.
27 April 2024 | 21 replies
I'm a little overwhelmed and wondering if I should keep the PM or self- manage.
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25 April 2024 | 27 replies
The neighbor keeps threatening to move the privacy fence over several feet onto the driveway, which allows vehicle access to the parking area at the back of the house.
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29 April 2024 | 31 replies
Thanks and keep being great 👍
27 April 2024 | 6 replies
I'd try to find a property manager that can help you keep an eye on it and let it appreciate.
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27 April 2024 | 10 replies
In this case, since they are already in the property, you probably have a fair understanding of how they keep the house and what their payment history is.
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28 April 2024 | 13 replies
Don't get into the whole story when you call these places just tell them you're a new homeowner, the last owner didn't keep good records and you're putting together a binder of service records for the home so you can get ahead on maintenance.
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27 April 2024 | 5 replies
Keep in mind that rates are higher than they were 4 years ago.