Proper is selling a proprietary Lloyds of London policy that has some unique coverage inclusions.

The simplest method is to complete the exchange in your names and transfer the property to the LLC afterward, ensuring proper timing and documentation.

@Karl KauperFrom my experience, Euclid doesn’t have a strict prohibition on RUBS, but the key is making sure your leases clearly outline the billing structure and giving tenants proper notice.

This ensures you could get in the game quicker with less risk and then scale from there.

However, the City will not approve your application until they have verified with the State and County that you are properly licensed and registered there.  

As Josh noted above, it's really all about proper tagging and making sure each expense is categorized properly and coded to a specific property.one other tip is using an accounting system, you should be able to attach receipts as opposed to having paper receipts. 

As the lender, I would also want one because if I try and sell the note and its not properly underwritten and does not have an appraisal then the chances of getting better valuation on the property is going to be  very subjective. 

Many VAs are now gaming the system:1) Working multiple jobs2) Outsourcing what you assign to them3) Using programs to pretend they are working4) Really don't care about the work they do, so do bare minimumIf you properly understand all this, you can interview better, track KPIs to track performance and find good workers.It's no different than screening for good tenants.

These two elements often get overlooked in the excitement of deal-making, but they play a critical role in the long-term success and sustainability of your investment journey.A well-thought-out tax strategy helps ensure you're maximizing all available deductions, utilizing the most favorable tax structures, and ultimately keeping more of your hard-earned income.

So, we would be able to charge a tenant rent for breaking the lease if they didn't give proper notice and moved out. 23 Carpet Cleaning: we charge a $x Cleaning Fee to avoid Michigan Security Deposit issues regarding, "normal wear & tear". 4 & 17.5: we have similar language in our lease, but eviction fees are legally limited in Michigan:(10: This is too vague for Michigan judges and highly likely to be struck from the lease.20: Would not stand in a Michigan court as, "if it's not in writing, it never happened".Again, this should in no way be construed as any type of legal advice and is our opinion only.