All Forum Posts by: Reed Olson

My parents bought three properties with leases already signed. I was wondering if you can add small agreements that relate to maintaining the property. For example, "Carpets must be professionally cleaned and will be cleaned at tenants' expense." There are also some other small things that I am wanting to add for all parties involved safety and the protection of the property. Is it acceptable to add these conditions if the tenants agree? 

Thanks for the help! I am managing these properties and just starting out, just want to make sure to do everything correctly!

 Balancing school and work can be difficult! Congratulations on closing on your first property!

Yes they did 

Hi! My name is Reed Olson and my parents recently purchased three single family properties in Winona MN all directly next to each other and I am managing them since I work here. My question is first, they have formed one LLC and will that entity offer enough protections for all three properties or should they open three separate LLC's. Second I'm planning on buying one from them next year and house hacking it. Would it be better to purchase a separate property to house hack so they can have a larger investment portfolio or to buy it from them to maybe keep it less risky and more simple since I already know the property?

Thank you I hope the questions made sense!