All Forum Posts by: Jagan Reddy

Hello all legal experts,

If original owner passes away, then their children may not be able to operate them.  I was told, form a revocable trust. Add primary home to that with quick claim deed, then add all LLCs to the same trust. Typically one of the owner's children are the trustee of the revocable trust, he/she can take control of the properties, appoint another sibling or sell or do maintain them.

Can someone guide me or point me to a legal expert for this specialization in Virginia please?

Thanks

Jagan

Problem here the tenant didn’t declare cats as pets.

She ruined the unit in one full year and it took more than $11,000 to replace full floors in two level townhouse plus other water leaks damage.tenant left without telling.

Now I am asking property management must visit quarterly to catch damages early on.

Ozone machines did not help much.

thanks

Hello multi family investor gurus

Cat urine damages property very very bad. 
I have had multiple incidents ruining my units. It demanded to replace full flooring, scrape walls and repaint costing entire year worth of rent from that unit.

Question: are there technical solutions inexpensive to remove cat urine instead of replacing all wood , carpet and walls?

Or are there floors that won’t sink cat urine? 

This is a big challenge to every one of us.

Not allowing tenants with cats is possible but tenants may cheat not declaring cats. 

I love pets but costs are prohibitive. 

thanks

Jagan

Thanks a lot Hari

I guess you are also around Virginia 

In any case let us get connected 

My number is +17034390303 

Thanks 

Jagan

Hello

I want to discuss and may switch to knowledgeable multi family investment savvy CPA in northern Virginia 

thanks 

Jagan

Hi Jordan 

I left a message for you at your office 

thanks

Jagan

Taz

How can I contact you?

thanks

Jagan

Thanks Patrick for quick message 

how can I get your zip code breakdown up for Memphis  from your podcast?

Please give me link etc.

As each zip code may have different profile I want to be sure to pick correct side of the town 

One of my team members is seriously considering investing in Memphis zip code 38127

I am new to Memphis 

Is this good location to invest?

Anyone has local knowledge please?

thanks

Jagan 

I have CPA but he is very conservative and I believe I am not getting full tax benefits 

But neither me nor my wife qualify for real estate professionals 

I will call you tomorrow 

Thanks

Jagan