Quote:
Originally Posted by HardDrive
Why an LLC? Just the added insurance barrier?
We are about to buy a rental house, so do tell......
|
Layer of protection incase you get THAT horror tenant. Smarter men than I use them every property is isolated.
I'm living in a rental right now that my parents own! I have a home being remodeled and my wife can't handle the stress of the work while she's there. I lived in this SAME house 20 years ago. the Kitchen was brand new when I was there and is way haggard now. If I ever own a rental or 5 ( Thinking of it right now) any and all kitchens will be painted white. the wood finished soaks up grease from sloppy cooks. I would have the best superflush toilets that I could buy! a $300 upfront expense vs. several plumbers visits for clogged toilets on a sundays
Landscape to prevent people from parking on the lawns! I came to mow my folks rental and the tenant was draining his coolant from his Camero on the lawn. Have a sprinkler sytem on a timer so the ;awn get's taken care of. If the BUY price is low enough to get in and sell it for a profit if it doesn't work it's a LOW risk! get in!