When we formed our first company, about 10 years ago, we chose an LLC format and that has worked out fine. We carry umbrella liability on the LLC and each property is added to the policy as they are purchased.
Base...
Hey guys! I will be wholesaling in Georgia. I wanted to know if I NEEDED to have an LLC in place before I actually start. I've talked to some investors and some say you do and others say you don't. What do you guys say?
What Is The Best Way To Decide Maintenance Urgency Items?
I'm wondering how liable a landlord can be when they use a property manager or when they don't use one. This is extreme but what happens if a tenant dies in a fire on one of your properties or something along those li...
Hi everyone,I fired my propertymgmt company today, due to negligence and scamming me.I stopped by my properties and what I heard from the tenants about work orders not being taken care of on timely manner and figuring...
One benefit that we talk about when selling a seller on the idea of selling Sub2 (wow that was a lot of the word "sell"), is that us bringing their loan current and subsequently making timely payments for years to com...
My contract is a TAR and there is the following clause(2) Landlord will NOT pay to repair the following items unless caused by Landlord's negligence:(e) items that are cosmetic in nature with no impact on the function...
My tenant has died. He has negligible assets, and has one surviving, adult son. How do I proceed with removing the tenant's remaining assets, and regaining control of the property?
I often hear it's advisable to setup an LLC for properties being used as rentals. It also appears lenders may not want to lend to an LLC, instead wanting to lend to an individual. Any advise for an LLC in PA when yo...
Hey guys!
I'm a 23 y/o investor in Tampa Florida and I'm looking for my first flip. I'm excited about getting started and I just wanted to know if there was anything you wish you would have known before you started f...