All Forum Posts by: Roberto Hernandez

I have a tenant that is constantly late with rent and he is behind again. What is the process to start an eviction?

I have read people getting a lawyers, others going to small court claims and others just going to the sheriffs office?

Any suggestions or insights?

Thank you

Anybody knows of a property manager willing to cover 5 properties in Knoxville Iowa

A hotel became available in one of the markets I work. Has anybody acquired a hotel before as part of their portfolios? What are the things to be aware or things to consider before obtaining one? thanks

@Joby John I’m not sure if this applies in your state, but here in Iowa you don’t need an LLC to get 1m coverage insurance. Our insurance agent was able to get us coverage for our rentals without the need of an LLC. As to for the LLC, it really comes to personal preference, in my opinion. The LLC becomes useful when you own several properties outright that way you protect the equity of the properties. Another thing to consider, banks usually don’t give out mortgages to LLCs. So if you are planning on refinancing a property to buy another, the deed would have to be under your name and not the LLC.

Where do you find foreclosure listings for other states?