Hi all! So I'm working with a realtor now to find REO's, and I need to get a proof of funds letter to make the offers. The thing is, I have no intention of buying the properties myself, I just want to get them under c...
The more I research the concept of forming an LLC, the more confused I get. For the gist of my understanding, proper insurance should cover you for liabilities. But on the other hand, an LLC formed on a specific prope...
Protecting Your AssetsIf you are sued because someone is injured on your rental property, including a guest of the tenant, then your personal assets are not necessarily protected as an individual landlord. Regardless ...
Hey BP,As I'm studying up on how to best analyze deals I'm likely going to have lots of questions. I'm trying to set up quick resources and systems so once I'm ready I can evaluate quickly and make fast decisions on p...
my father passed Jan 2016 and had 3 properties in an LLC that i have been managing ever since. The property WILL be in my name AFTER probate however the courts are "taking forever". i talked to the person that does (h...
What is your opinion on operating off-grid short term rentals? I'm looking for feedback from short term rental owners as my company, Into The Box, searches for direct sale customers of our off-grid units repurposed fr...
Hey guys, My name is Efren and I am a beginner to the landlord business. I have a property about 1,700+sqft, was not using about 250+sqft. I turned the 250+sqft into a studio. Studio is equipped with a brand new bathr...
A buddy of mine had his father pass away about 3 months ago and has inherited his entire construction business. (He was planning on being a CPA but sometimes life has other plans) My friend grew up doing construction ...
Hey there - got my first unit rented, using Cozy.co to connect rent. I collected first month's rent via chasier's check. Rent is due May 13th, and yesterday I got an email saying the tenants had not scheduled a paymen...
Does anyone have recommendations on accounting software to best serve STR owners. I currently have two STR’s but am looking to grow in the future and want a software that will help me to grow and automate my accountin...