In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

The garage/parking area is under the house  and the rest is storage but it is not completely enclosed because it cannot impede water flow.  

We're still working it, but we gutted the building and will build three offices, two apartments and one storage/laundry area on the first floor.

I can create Branches such as NYC Branch with a set of Managers and Contractors AND the same for say, Philly.None of the Managers will see each others info in the same way the Partners cannot see building info except for their own buildings.Not only that, but it is accessible on any device, including your cell phones.

If so this is less interestng as depreciation seems to be huge.I see the night rental is around 100/120 USD where I live, most of the time with 3 nights min.Assuming it is rented once every other weekend this is ~8k gross.Deduct maintenance, insurance and storage, that would still ,ake it interseting, especially with the leverage @4% !

Hi everyone,My wife and I are purchasing our first self storage facility and are partnering with our friend and his wife.

It stands for Delaware Statutory Trust and is a trust / pass through entity in which a sponsor (think big real estate investment corporation) buys institutional property (apartments, self storage, commercial, medical office, etc) and then sells interest in the Trust/Property to investors.

As for the storage of your receipts, many of our clients use Dropbox or Shoeboxed.

I also had time to install flood vents in the storage area and scheduled an elevation.