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9 January 2016 | 50 replies
Let the cash build up and when the tenants move out, rehab it and collect bigger rent.
6 May 2016 | 7 replies
In both cities, the firms I selected are the ones that didn't just answer my questions, but collected information from me ahead of time (property locations, valuation, current rent roll, etc.) and came to me, unasked, during our first meetings with not just their credentials and "sales pitch", but a specific plan for how they would transition the properties, and more importantly, look out for my long-term goals (eg; in the case of raleigh, we have several units renting under market value and the firm came to me proactively with a plan to get those units up to market rent or higher over the next 3-5 years).
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1 June 2015 | 1 reply
Always remember to visit many websites to collect as much information as you can.During the process, if you have any doubt, then feel free to contact an investment company.
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2 June 2015 | 12 replies
On the other hand, my PM company in NYC does little more than collect rents and act as a number for the tenants to call if there is a problem/coordinate fixes.
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2 June 2015 | 18 replies
If you put them under separate LLCs, then all a creditor can do is collect from the LLC against which he has a claim.
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5 June 2017 | 113 replies
The burden of proof is on the person seeking to pierce the veil to show that the LLC was a sham.
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17 June 2021 | 2 replies
I would ask for proof of the policy and also ask the seller and organization for proof of any other insurances that they carry, as well as lease copies that would reflect current liability terms.
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21 January 2018 | 46 replies
They aren't too close to the streets and in no place that would block a walk way.I mapped out where I was going to place signs using Google Maps, so I'll remember everywhere I need to collect them from once I get to the point of needing an answering service & using a different #.
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3 June 2015 | 16 replies
Option #2: Pay the Lease Buy-OutThis option allows the tenant to move out without penalties or collections for the remainder of the lease.
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3 March 2016 | 10 replies
The liability is tremendous if you practice law without a license get your proof on paper what it can sell for.