It is my understanding that if an LLC is formed in Nevada and I buy property in another state I will have to register as a foreign entity. I believe that in CA this is the same annual fee, 600.00 that is charged to a...
My husband and I purchased a duplex in Grand Rapids, MI in July and took over August 1. We recently had the last of the tenants move out, and after sending them a security deposit return, they have decided to contest ...
There are a lot of options for asset protection, but the only true protection that offers FULL protection is by using a foreign trust. If you are purely domestic in the US with a domestic LLC and Domestic Trust, you a...
Can a lender (CU) who has a second mortgage on a property, which is going to foreclosure, sue the homeowner for the amount owed?
The first lender is foreclosing on the house.
Thanks
All:So ten years in and now I'm officially a landlord as I just got served with my first lawsuit. It's in magistrate's court and the tenant is asking for her last 6 months in back rent (~5k) as she says she has not be...
Hi,
I found this off-market deal in Philly and was wondering whether it's worth it to proceed. I feel like I must be crazy because nowadays everyone is dying to evict their non-paying tenants out but I'm looking to v...
Here we go again:https://caanet.org/votervoice/
A new legislative proposal in response to COVID-19 would force every rental property owner in California to reduce rents by 25%.
AB 828 by Assemblyman Phil Ting igno...
So, I help my dad who lives out of the country manage a duplex that he recently bought. This is our first round of tenants, we have one side rented, that *knock on wood* seem great. We screened a lot of tenants and wa...
Hello,I have a tenant that has become very disgruntled after he broke a toilet and had to pay for the repairs. Our relationship has declined and has become pretty toxic. We had a two year lease, but I managed to rea...