All Forum Posts by: Mak K.

Hi,

I need to transfer a property from A1 LLC to another B2 LLC. It is paid up property with no mortgage or leins.

> What is the process and how much does it cost? Is it something DIY?

>For the Tax returns, how does the transfer show ? Does the purchase cost from original A1 LLC get transferred to B2 LLC? How do we move the cost basis, depreciation from one LLC to another?

Hi,

Is home warranty insurance worth it? I did used it couple of times on my rentals, but then I realized that I was already paying a good chuck per year ($700/year or $60/month). Also each service was $70. 

Is it worth or what is alternative way? 

FYI- My rental is 1 hr drive for me.

What is a good Agent Fee for re-shopping the insurance. How much does your agent charge over the policy as their fee?

If you have rental properties and file a claim, does it go towards LLC or does it affect your personal claim history also?

Also do you buy insurance under LLC and put your name as secondary insured? Or just under LLC?

Hi

I had landlord insurance since two years with Travellers and was paying $1400 per year. All of sudden the new rates are $2000/year.

are you seeing the same rate hikes?  That’s a huge bump.

Hi,

I manage my own rental property. Currently I use Apartment.com (Former Cozy) to manage the payment. It works great as its free but only downside is  when renter is late, the software charges them one time late fee but then the software does not charge any continuous late fee per day.

Any suggestions on any other softwares which are free or non expensive? Software which can charge continuous late fee per day until full rent is paid?

Hi,

What is your preferred method. On the contract buy a property "Under the LLC name" OR Buy under "personal name and put And/Or Assign" on the contract? Most of the time I buy Cash.

Hi,

I gave my real estate exam 6 months ago. My goal is only to invest for my self (1-2 properties/year). I joined a broker just to realize that I do not need training as they mainly focus on active agents. I pay $100/mo.

Due to personal issues, I may not be active investor for next 6-8 months. I am looking for guidance on any other broker agents I may consider who do not have monthly desk fee. Brokers where I can just hang my license as investor. I am mainly interested in short sales, foreclosures or off market properties.

Any recommendations. How much do you pay annually? 

Area: Houston/ Texas

What's the best way to find lenders to get preapproved? Mortgage brokers? or go to credit unions directly? I am in Houston TX and any suggestion would be welcomed!

So question- 

If you want to help a friend or family with home purchase, as a part time AA, do you get a bonus for bringing business?

If home closes, does it fall under part time AA name?

If you want to make a offer for your personal al investment, can you make offers and will Redfin pass the commission to you?