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re: Renting instead of selling

Posted on 3/8/13 at 6:22 am to
Posted by seawolf06
NH
Member since Oct 2007
8159 posts
Posted on 3/8/13 at 6:22 am to
Thanks for the replies. Since it's cheap, it sounds like it's worth having a separate LLC for the rental from our business.

Anyone read this?
LINK
Posted by Gold Tiger
Lafayette, LA
Member since Nov 2008
785 posts
Posted on 3/11/13 at 8:40 pm to
Handle this yourself. Why give part of your rent income to a third party. I have 3 rentals and have been fortunate to have had good tenants. Be specific in your lease as to what you'll do and what is expected of the tenant. Example, if you are gratuitously furnishing a washer and dryer, let it be known that any repairs are the tenants responsibility. Get 1 month's rent as a security deposit. Good luck.
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