All Forum Posts by: Diego Curbelo

Hey Jonathan,

First off, just wanted to congratulate you on achieving over 1M in equity, that's huge! I'd say the Bigger Pockets forums are one of the best places to explore how to put your money to work in RE. 

When considering how to use your equity, both fix and flips and rental income properties have their advantages. If you have a knack for renovations and good understandings of the markets you'd enjoy flipping. On the other hand, rental income properties can provide steady, long-term income streams with room for appreciation.

In your shoes, I'd start by evaluating my goals as an investor. Understanding your risk tolerance, time commitment desires, and investment horizons is critical. At my company we specialize in rental property management and we also would be happy to be a resource for tailored advice to ensure your future investments align with your financial goals.

Feel free to reach out if you'd like to discuss further or if you were to need property management solutions in the future. You've made an impressive achievement so far and we'd be excited to be a part of your next steps in the journey. Whether it's the next step or ten steps from now.

Hi Mary!

If you purchase a rental property in Miami and close under your name, the property will be reassessed for property tax purposes at that time. When you subsequently transfer the title to an LLC within the same year, it will typically trigger another reassessment.

This means you are likely to face two property tax reassessments: one when you close under your name and another when you transfer the title to the LLC, even if both transactions occur within 30 days. This is because the transfer to the LLC is considered a change in ownership, which prompts a reassessment based on the fair market value at the time of the transfer.

Admittedly, property tax implications are not my area of expertise, so I strongly recommend consulting with a local real estate attorney or tax advisor for precise guidance tailored to your situation.

Additionally, if you need property management services for multifamily properties in Miami, Curbelo Capital Management specializes in this area and would be happy to assist you.

Best regards,

Diego Curbelo

Completely agree with Greg Scott's clear response, the signed lease is legally-binding. Maria I wanted to add a bit more context to the discussion. In Florida, the written notice requirement is standard practice to ensure transparency and clear communication. Your tenant has already signed the new lease, which confirms his agreement to the new rent amount, sending that notice via certified mail can act as an extra layer of documentation that can be helpful in maintaining clear records. 

My company ensures all legal requirements and best practices are followed meticulously. If you ever need help managing these processes or have any further questions, feel free to reach out. We specialize in managing the multi-family asset class here in the Miami-FTL area. We're here to help!

Hey @Luis Maqueira!
Our office is based in Doral, I'd love to interact with more people in the community. Can I get some info about this group?