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All Forum Posts by: Jana S.

Jana S. has started 0 posts and replied 2 times.

Out of State Investing

Post: Finding tenants in Cleveland

Jana S.Posted
  • Posts 2
  • Votes 4

We like doing that. It's much better to be able to do your own screening as oposed to hoping the seller did their homework :-) If the property is clean and the rent is fair, it should rent out quickly. Even when you buy a property with tentants, you also have the risk that they stop paying you and since you didn't screen them, you are left with just hoping they won't do that.

2 Votes
Cleveland, Ohio
Legal & Legislation

Post: Do I need an LLC for my rentals?

Jana S.Posted
  • Posts 2
  • Votes 4

Yes! Yes and here: https://www.sos.state.tx.us/corp/forms/205_boc.pdf

Imagine if someone slipped in the snow today. Now, they are angry. Clearly they have to sue someone. You want them to only be able to go after that one property that didn't have clean sidewalks. Not the other ones, and def not you personally.

2 Votes
San Antonio, Texas