Leases: Each tenant should complete their own background check, application, and lease.

Can I do this if I don’t own the property yet?

I know that in the past all held security deposits needed to be stored in their own dedicated TRUST bank account in Missouri.

Since you own the LLC - it would be considered a disqualified person.

Need real estate agent and property management advice Hey Jyothi, I moved to Columbus a few years ago (from Portland, Oregon which was super expensive) to become a full time real estate investor, and ever since, I've completed quite a lot of BRRRRs, flips, and own a successful rental portfolio here in Columbus Ohio.

How did you get the STR license if you don't own the property?

Have you ever owned more than a single property?

Background info: A tornado came through about a year ago and tore up the carports for a rental property of mine in Iowa (I own one unit in the 12-plex).While the carports have been rebuilt, the HOA's building insurance is coming up for annual renewal with a VERY steep price tag.

So my advice is to keep lead generation on your own.

If I purchase in the name of the LLC and move it into the trust then the LLC no longer owns the property (mortgage) and are there tax consequences for the LLC to do this and should I dissolve the LLC?