Luke Jackson
How do I make my PM company more efficient?
Hey everyone, I started a property management company about three months ago. When I was looking to get into it everyone said that there wasn't any more room for managers in my town. Since then I've scaled up from my...
Mark Hill
Question on LLC with partners out of state
Hello,I recently formed an LLC (in CA) for my rental property investments (just closed on my 1st one). However, I am also going to be partnering with a friend in Colorado. We are planning to form a separate LLC for ou...
Kris Abejuela
LLCs, holding companies overkill?
I want to start buying investment properties. I want to set up a legal system correctly from the beginning to protect me from potential lawsuits. I want anonymity. I have been looking at different companies that provi...
Kay Lyn
Living in California. Should I form my LLC in Wyoming??
I'm a California Resident starting an online llc platform, that will be doing business throughout the US. I will be the sole owner and will be residing in california. Is it worth it to form the LLC in Wyoming over Cal...
Heidi Thompson
Just starting, seeking any advice
Hi everyone, my husband and I finished reading "Rich Dad Poor Dad" last month, and since then we have been watching youtube videos/listening to podcasts every day about investing. I also signed up for an online Robert...
Account Closed
Asset Protection with an LLC
Hello all,
I am interested in the topic of asset protection via an LLC. I am also interested in all of the tax benefits/advantages associated with claiming business expenses, so…. forming an LLC for a rental ...
Scott Stevenson
Ohio Eviction
Hello all! Quick question for those of you who own property in Ohio and have gone through an eviction process or at least started one. I have a tenant, who has been a good tenant for some time.. just recently (3 month...
Peter J.
No HOA reserves ($0). Time to sell?
Purchased a 1 bedroom condo for $180,000 in late 2008. Current CMA value is $130,000. Reserves: Reserve fund was $16,000 in 2008, but NO reserves remaining. There have been no reserve studies.Financials: The condo c...
Todd Krzeminski
Wyoming Bank Required for LLC?
I setup a Wyoming Holding Company (LLC) that will manage my Virginia LLC. As I live out of state (Virginia) -- do I need to use a Wyoming bank for the holding company LLC, or can I use one local to me or national bank...
Glen Wiley
mange yourself or use a PM
I see a lot of talk about the importance of hiring a property manager (PM) rather than self managing. For 20 years I have managed my own properties so I wanted to offer some thoughts on the advantages of self managing...