All Forum Posts by: Bienes Raices

Gary Clark 12 showings is not a lot. On my last one I had to show to about 50 people and reject about 9 apps before I got someone who qualified and moved in. Granted it was during the winter and it's a small house, so those factors didn't help.

My relationship with one of my tenants is rapidly going down the toilet due to his non rent-related lease violations. It may still be salvageable but I'm trying figure out the best strategy if I have to terminate the M2M tenancy. Would it be safer to:

A) end it giving the shortest notice possible (I have to give at least 15 days notice in Fla.

B) allow them to stay until the end of the following month

To me, the advantage of A seems to be preventing them from using the security as last months rent, while B might make them less irate and likely to cause damage, and give them more time to get their act together and leave so that they don't become a holdover. What do you think? thanks

wow, old post...I pretty much avoid these houses now, unless it's a conversion that's easy to turn back into a garage.

The article I posted says that only non-standard commercial policies can have the LLC listed as named insured (rather than having it listed as Additional Insured). Are you referring to switching to a commercial policy?

Thanks, but I think based on this article, I'm just going to leave it as is:

http://www.insuranceforinvestors.com/2011/08/the-problem-of-purchasing-insurance-in-the-name-of-an-llc/

I have it set up this way on my policy for the LLC property right now because they insurance agent said they could not do it with the LLC as the primary insured. They told me that if a claim is every paid out the check will be made out to both me and the LLC and both of "us" will have to sign the check.

They also told me they could put the property owned by the LLC under an umbrella policy since my personal name is listed as the primary insured.

Is there any problem in terms of the corporate veil protection in doing things this way? I actually emailed my lawyer about this but he never responded, so I'm posting it here to see if anyone knows. Thanks.

Thanks Chris--I'm going to look at them.

http://www.cfnews13.com/content/news/baynews9/news/article.html/content/news/articles/cfn/2013/4/11/orange_county_firefi.html

Thanks Will, I decided to do it that way.

Thanks--I didn't mean for taxes--I didn't claim this as a deduction. l mean could this cause a potential legal problem with the corporate veil by doing it this way (paying for the use of the alarm on the LLC property with my personal credit card).