All Forum Posts by: Sarah Kensinger

I stumbled across this lawsuit while looking for something else.

As I have mentioned before in this forum an LLC that is not 100% property ran can easily be pierced and the owner sued personally.

Here is an example of where an attorney went after someone that thought their LLC would protect them:

18. Upon information and belief, the member(s) of the Defendant have failed to observe any corporate formalities in that: a. b. c. d. e. f. g.

19. The members did not observe corporate formality; The Defendant did not pay dividends; The Defendant was insolvent at the time of its actions; The Defendant’s members siphoned funds from the Defendant for their own personal use; The Defendant’s members comingled funds; There are no corporate records; The corporation(s) were a facade and alter ego of the member(s) of the Defendant. In addition to the eight (8) factors laid out above, failing to pierce the corporate veil in this matter would create an elementary injustice and fundamental unfairness. The member(s) of the Defendant have used the corporate shell as a way to avoid any liability for the serious injuries that were caused to the Plaintiff and others by the reckless action of the Defendant’s member(s) and agents. With this in mind, Plaintiff should have compensation directly from the member(s) if the same cannot be had from the corporate Defendant. To deny this compensation would create an injustice and fundamental unfairness.

20. For the reasons and for other reasons to be proven, the Plaintiff is entitled to pierce the corporate veil and assert individual liability against the member(s) of the Defendant.

Quote from @Trent Reeve:

Quote from @JD Martin:

Whatever toilet paper you use make sure it breaks down fast and easy in the toilet. You might be shocked by the amount of toilet paper some people use for their "functions" and some of the fancier stuff does not disintegrate as easily.

Personally, I cannot remember a single place I've ever stayed in my life - STR, hotel, whatever - that I can remember liking or disliking the toilet paper. As long as it cleans my bum I don't really spend a lot of time thinking about it, and I suspect most of your guests won't either.

 I disagree. Especially if im paying a decent amount, i remember if they went cheap on the TP. maybe its just me.

It's just you. But you can run your own tests on this. Put in expensive toilet paper and see if you get comments on how nice and cushiony it is. Or put in cheaper paper and see if you get comments on how it feels like sandpaper. Since you're new to real estate (according to the title), you really don't have anything to base it on other than your own personal experiences staying elsewhere. It's entirely possible you have a super sensitive derriere that needs pampering. Most people are just happy if their hand doesn't break through the sheet. Hell, you could go all out and just install a bidet and forego the toilet paper altogether. 

I think you'll find no one is going to care so long as it's not sandpaper or thin enough to read through. 

Hello @Sarah Kensinger and sorry for the delayed reply. I've been our traveling these past few days. Would you be open if I DM you with some questions regarding your feedback?

@Sarah Kensinger do you mind if I ask which mastermind class you took? I'm completely new to this, just signed up, and I've scheduled a call with one of them that posts a lot on social media...maybe the same one. I'm seeing a lot of negative stuff here and it's a big price tag, but for me I think I really need the coaching rather than hunting and pecking on my own since my learning curve is huge and I don't even know what region to begin in. Thanks!

Quote from @Sarah Kensinger:

There's no reason for someone to charge you for these questions, and I'm a co-hosting company owner! To put it bluntly....if a company can't take 15-20 minutes and talk with an investor about the market and the possible purchase of a property, they're not a company I would recommend working with. Helping others and adding value should be at the top of their list, not making another dollar! If you want they're help applying for permits or getting contractors around, that's a different story, but general questions is what every business answers the phones for. 

BTW if you need a great PM/co-host company in Joshua Tree, reach out to me and I can send you some names.

Thanks, Sarah! Just DM'd you. Your thinking makes sense and is what I would expect as well. I actually had an initial phone call with the co-host that ended up lasting an hour because he kept giving me tips and local knowledge. I think that's what led me to wanting more insights from him! I'm looking for a bit more dedicated time to analyze for example, my top 3 properties so that's why I'm thinking of paying for his time, since it'll be a bit more targeted and in depth than just an overview of the market.