Updated over 5 years ago on . Most recent reply
Looking for the Team
I have been managing a 4500 sq ft (3 unit commercial) building for a few months for my aging mother. I will be inheriting a great property but currently she's almost 30-40% under ASF per ur, plus not its in an LLC but a trust and she could have had an extra 125k clear over the last 5 years if it were properly managed. Any ideas?
Also, Im a semi-retired CTO/COO and would like to speak to others with either similar ideas or people that are interested in combining smart technology with property investment.
Most Popular Reply
@Gene J Jakominich Jr, it seems to me starting with a good estate plan and structure will minimize tax and delay in the transition of the properties you say you will inherit. Sometimes trusts can be used to own the LLC, and this provides another layer of separation when renting properties. I like your idea on smart technology, and will be interested in other's ideas on that.