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All Forum Posts by: Rashid Khalil

Rashid Khalil has started 30 posts and replied 86 times.

Savannah 

Thank you so much for your comprehensive reply.

I am using some of these measures.

First issue I encountered: land trust fails to work as smoke screen, because the deed is recorded in trustee name. Using LLC as trustee is also not considered appropriate by many. So only solution I could think is using a 3rd part Trustee service .And getting a trustee deed which will be recorded in future when I sell the property.

What do you think?  

Quote from @Matthew Becker:

Managers can; Trustees can, LLC partners can; You can have an attorney be an agent and have them sign. You are exposed no matter what if it is revocable. If you are that concerned, hire a PM, but you are still on the hook most of the time. If they sue you for something you did wrong, they will find out who owns it. I would not worry so much or hire a manager.

i am leaning to hire a PM

Hide ?

No, not hide

its called privacy

so if someone put my name they don't see the 15 houses I own

and a few other reasons too

when renting a property owned by LLC or a Trust (to maintain privacy), who will sign on behalf of the landlord, (manager or trustee). the signor will have to disclose their name (Me) which will blow the anonymity

I made my Trust sign a management agreement with My LLC but then when i signed as manager of LLC on lease that exposed me again

To me seems like the only way is to have 3rd third-party PM contracted which then signs the lease with Tenant, but that is a lot of money wasted every month   

any thoughts and ideas is appreciated 

what is a better exit strategy Lease option vs Seller financing

Post: Share your experience

Rashid KhalilPosted
  • Posts 88
  • Votes 29

Please share your experience about MYND property Management service

Thanks

Post: Land trust drafting

Rashid KhalilPosted
  • Posts 88
  • Votes 29

Looking for Land trust drafting service

With reasonable pricing 

Post: Need property management company

Rashid KhalilPosted
  • Posts 88
  • Votes 29

I am looking for a property management company for a Single family home in SPRING TX

will appreciate your recommendations 

Thanks 

Post: evaluation for MTR

Rashid KhalilPosted
  • Posts 88
  • Votes 29

please provide some recommendations / contacts/sites that can evaluate for MTR potential of the property and can help with furnishing and rental if qualified.

thanks 

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