Tenant + tax appeal + LLC

[Feras Saffar]

Hi, 

i am very new here, but i would like get some guidence in regard to recent tenant whom signed lease of 13 months then changed her mind. What would happen in this case? Its the first time i be in such situatio. And deposit already given to the agency. 

I am aware everyone is noticing increase on property tax, has anyone done appeal for reductions because that will reduce insurance as well. 

lastly, in regard to putting LLC on property worth it? If so what would be Pro and Con

greatly apprecaite your responses 

[Syed Ahmed]

Welcome to BiggerPockets. Jumping into landlord life comes with its curveballs for sure. Regarding tenants backing out after signing a lease the lease terms and local laws usually dictate next steps but the deposit with the agency often helps cover lost rent or re-leasing costs. On property tax appeals it's definitely worth exploring. Many investors have found success lowering taxes by challenging assessments which can also impact insurance costs. As for holding property in an LLC the main pros are liability protection and potential tax benefits while cons might include added paperwork and costs. If you want to dive deeper into financing or ownership structures down the line feel free to connect. Happy to share insights from working with investors navigating similar questions