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 ...
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I purchased a single family home good quality location in Chicago’s Northwest Suburbs in Cook County as a personal residence. At the time of purchase, I knew I might not want to stay indefinitely and at some point to...
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I have examined many leases and I have never seen an expressed complete clause whereby the tenant damages the property and the landlord receives compensation immediately. I do not want to wait till they vacate and ha...
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What is the correct way to deal with a tenant that gets extremely offensive in both emails and in person? Basically 2 out of the 3 people in the apartment act this way, 1 is much much worse.
He has not physically th...
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Ok so for first time new investors, i went to multiple of banks and there is no such thing as no money down or 3 or 5 percent low down payments, its normal 20 or 25 percent down, so only way i see to profit from rent...
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I am a novice real estate investor. 4 months ago I bought my first property in Indianapolis with tenants in place. The property managed by PM company. The lease agreement required a tenant to buy renters insurance. T...
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I have an all-star tenant that I wanted to keep. Let's call him Mike. Mike wants to re-new the lease for one more year, but one of his roommates graduated and is moving out. In order for Mike to stay, he recruits his ...
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I have a 4-plex with 4 parking spots. People keep parking in our vacant spaces or blocking the driveway. The tow companies never come when I call them. And I'm also slightly afraid of a retaliation if I have someone t...
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One of my houses has washer/dryer hookups in the garage. There is a hole in the wall where the dryer tube, etc. is supposed to vent to the outside. Unfortunately, the way the house was built, the AC condensor is right...
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I own 3 buildings each under their own LLC. I did this to limit the loss should any lawsuit arise.
I also manage these buildings myself, and now I am reading that if there is an issue, the tenant could sue th...