All Forum Posts by: Robert M.

I decided I needed to either use an LLC or a $3,000,000 umbrella insurance policy to protect my assets from liability suits.

I used LLC for the first partnership but could not get conventional mortgage. Needed to have commercial loan resetting each 5 years at 1% increase over conventional mortgage rate.

Following houses protected under umbrella insurance with conventional fixed rate mortgages. 

Benefits to both ways. LLC costs more initially but has no ongoing "premium" except for increased interest rate and rate risk. Balances out a little .

@Yulia Kaygorodtseva, I was in same situation a year ago. I raised the rent $100 on a $1850/month rental. Tenant is still in the home. 

make the lease whatever it takes to get turnover back to a month of high traffic. perhaps a 6 or a 13 or 14 or 18 month lease. Get back in sync with the traffic time.

@Stacy Davis  I sent you a PM with a request for your e-mail. Respond and I will send you a lease I use in Pennsylvania. 

@Adrian Chu

Wow, that is first complaint about good quality bamboo I have heard.

I understood bamboo to be nearly scratch proof. What caused the scratches? Laminate or solid bamboo? 

Was it the dog friendly especially hard surfaced bamboo?

@Kyle J. Kyle, with all due respect. Maybe in California but in Erie, PA people are held responsible for their own actions.

Landlord did not put garbage in the can

Landlord did not place the can next to window.

Landlord did not break the window. 

Landlord was not there. 

Tenant is responsible.

@Dustin Heiner  Dustin, I HAVE been criticized for being TOO "unfiltered" but during my 46 year business career I find it saves time. You have now identified many of the expenses you failed to account for initially and on your site. Taking those into account will substantially reduce your ongoing cash flow. Initially no, but numbers ALWAYS come back to the average. IMHO, thinking it is your money and not money the business needs is a fallacy. Sorry for being so direct.  

@Ben Bourgeault@Dustin Heiner @Account Closed    Dustin, it appears you are being either absent minded, deceptive or flat out dishonest with your projects of cash flow. As you know there are other expenses not listed in your calculations which will reduce cash flow  significantly.

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