All Forum Posts by: Rochelle G.
Rochelle G. has started 5 posts and replied 22 times.
Post: Calling myself the property manager vs. landlord
Rochelle G.Posted
- Rental Property Investor
- Lake Orion, MI
- Posts 22
- Votes 27
As worried as you are from the get go, I don’t think it would be a bad idea to hire a property management company. Even if it’s only for the duration of the lease, it will give you some time to get used to stepping into the landlord shoes. Most management companies I’ve found will allow you out of your contract when your tenant leaves.
Post: Advice on whether or not to become an LLC?
Rochelle G.Posted
- Rental Property Investor
- Lake Orion, MI
- Posts 22
- Votes 27
Hi all! Brand new into the real-estate investing world and could use some good advice. I currently own a 2 bd/2bath condo that I’m looking to rent out. Or should I say, I currently own a FHA MORTGAGE on a 2 bd/2bath condo. I’m looking to purchase my second property in hopes of renting my current place out. Would it be a good idea to pay to become my own LLC to cover myself in the event of a freak lawsuit from a disgruntled renter? Chances are slim to none, but I do have a decently sized 401k I’d hate to take chances with.
Thank you in advance!