Hi,I recently purchased a primary residence investment property. My plan is to move out after one year and rent out my owner's unit. Once done, I am going to switch to a landlord's insurance policy. For additional pro...
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I would love to hear from Buy and Hold rental investors who have moved beyond Umbrella insurance policies to LLCs. At what point when growing your rental portfolio did you make this switch? What are some factor...
Hello to all those multi-family pro's. Quick question for all of you and this question will also apply to any SFR's. For those of you who have partnered up with an investor whether it be 50/50 or whatever structure yo...
Is this happening to anyone else? I've had two reservations 'canceled by admin'. They were both followed by what appears to be an automated message reading..."Hi Rachel,Unfortunately, I won’t be able to stay at your p...
Hello, Happy New Year Who do you think is at fault? Story time. So we had a non-paying tenant whose lease wasn't renewed and refused to leave. We started the eviction process. The PM change the electric utility to the...
Hi all,
I live in Chicago and am closing on my first multi-unit property in Hammond next month. Was hoping someone could refer me to a legal resource to get connected with as I continue on this journey. My immediate ...
Long story short - Father in Law passed away recently and left three properties to my wife and I in his trust. We are planning on keeping said properties as rentals. Our trust attorney told us to meet with a busines...
I started as an accidental landlord when my house wouldn't sell. I had a learning curve with the first tenants and now have a steady tenant. This house is in my husband's name but the LLC is in my name. What is the be...
About two years ago my accountant mentioned "Captive Insurance" as a way to avoid paying a lot of taxes. When it seems too good to be true is usually is...blah,blah,blah, so I switched accounting firms (I had other re...
We (spouse and self) are in the process of transferring the duplex into an LLC (we are members) with a quit claim deal. The only benefit AFAIK is that the LLC protects us from liability. There is no other benefit with...