Less formalities with an LLC (don't need to hold annual BoD meetings, etc.) - Not a big deal at all - although if you don't follow these formalities, someone could pierce the corporate veil3.

I do see adding a bit of legitimacy with an owner or buyer in getting a third party involved, it appears to be "more formal" "legal" maybe more "trusting", but that simply goes to the lack of professionalism in gaining the confidence your parties may have in doing what you're doing.

This is a nuance to be sure, but a legal formality that allows you checkbook control.

Since the mother and adult son are not on the lease and the husband abandoned the property, I am wondering if I need to go through the formal eviction process.

We requested a formal rebuttal, but the appraisal management company said, by law, they can take up to 30 days to respond.

well... you would think that would be the case... but...this property is in a city that has no zoning, no formal way of evaluating a property and has no history of inspecting a property.home sits on 8 different lotsfurther, this isnt a rehab. the corporation who bought the home upgraded beyond belief. beautiful trim, accents, original antique knobs, new cabinets in kitchen, new appliances, new texture on walls, tasteful paint in all rooms, fans in each room, 2 big *** HVAC units, foundation repaired, new roof (although an E1 tornado touched down 1/10th of a mile from the home yesterday), new windows, gorgeous flooring is original and was refinished 2 years ago - clean, clean, clean and even cleaner!

Her body movements make me wonder if all formal offers would indeed make the bank desk.

I listed on MLS through entry onlyBuyer came in with agentBuyer had no written contract with agentAgent submitted formal offer to purchaseI refused---It was too lowBuyer came in with other agent and submitted a higher offerI acceptedFirst agent now says that according to MLS rules I owe first agent the commission because that agent procured the buyer and was in middle of negotiationSecond agent says that buyer was not satisfied with performance of first agentAgain, first agent had no written contract with buyerIs first agent due a commission??

Just wondering if you'd need to send something more formal to a property owner that's a company.

You should formalize that partnership with an operating agreement.