Hurley Property Management

Hurley Property Management
Startup
Legal Advice
Questions
Review Leases
Addendums
Personal signers
As is maintenance
Buildouts
Permitting
defining subdivisions within
Tax concerns
Distributions
Expenses
Property Mgmt LLC (QuitClaim Deed ) vs Trust Trustee
Trust Trustee
Modify the Living Trust
Rhett as Trustee
LLC Within Living trust
Quitclaim Deed transfer to LLC
Incorporate
Hurley Properties
Board of Directors
Tax Considerations
Distribution of rental income
State of Incorporation
Type
LLC
S-Corp
C- Corp
Legal Qualifications
Partner with Broker?
Jim Braxton
Real Estate Brokers License
Quitclaim Deed
Paperwork
notarized
Register deed
filing fees
Deed fee
5K
West Pasco Government Center
8731 Citizens Drive
New Port Richey, FL 34654
East Pasco Government Center
14236 Sixth Street
Dade City, FL 33523
Annuity agreement for support
Private Annuity
Exempt from creditors
Subtopic 2
Appraise value of property
Personal Services contract
Reasons to Transfer
Creditors ability to pierce Corporate Veil
Advice on tenants
Impact
9k Behind
Permitting/Buildout
Insurance liability
Space utilization
Serving eviction notice
Collections
Program
Worth the $ to draft the lease?
Already in place, how to evict?
State of the commerical market
pricing?
Commerical broker recommendation
# of Tenants looking
land Deed research
Signage rights
1998 Warranty deed Carson Drive.pdf
Default = Defiency judgement add 20k to defiency
140k pay off judgements
Attorneys
Hank Sorensen
310$/hr
1st month
retainer 1000$
Joe Kalish
350$
POA or Trust modification
Sent him the addresses and info on 19 Aug
Tools
Todo list
Hurleypmt
Email Address
Google
Phone #
Google
Std Forms
Lease
Impact Sports Lease Addendum Aug 18 11.doc
Candlewood Lease 2010.doc
Landlord Contract
Eviction
Sources
Florida Bar Landlord Tenant Forms
Pasco County Landlord Tenant forms
PO Box
Use home address?
Change addresses of major bills
Legal
Govt/Tax
Get tenants address information
Finances
Banking
Checking Acct
Business or Personal
Bank
Online Banking Capability
Iphone App
Deposit Savings Acct
Money Market Acct
Mortgage
Suntrust
Refinancing
5yr?
Mtg with Jennifer
Discuss plan to manage property
Notarize POA or Trustee resignation
Get copy of mortgage
Discuss mortgage refinance
Line of credit
LLC as Mortgagee
Checking account transfer/New one
Rental income EFT form for Tenants
Online banking password reset
Financing
Line of credit
Personal
Corporate?
Personal Funds
Sell Fund Advisor assets 10k
Accounting System
Options
http://www.propertymanagementsoftwarereviews.com/mac-software/
Buildium
Rent Collection Methods
Mail
EFT
Credit Card
Paypal
Bill payments
Electric Bill
Progress energy
1st
617.45
www.progress-energy.com
Water Bill
Madhatter
16th normally
25th 139.11
885$ Deposit
Trash Bill
WSI
25th
49.00
www.wasteservicesinc.com
Landscaping Bill
Kip
Contact info
Robert?
Every 2 wks, next 28 Aug
90$, 20th
Sales Tax Payment
Submitted online by 19th, next due Sep
Depends on rent collected
7% of rental income
Report non-profit, but pay no tax
Sales tax worksheet
Mortgage Payment
Suntrust
14th
4200ish
Property Tax
Starts in Nov NLT April
Mike Olson Tax Collector
Solid Waste Assesment Fee
1000$
??
Board of County Commisonners
Profit and Loss
Building Rental Profit and Loss (version 1).xls
Insurance
Quote
Paragon
Nathan
Inspections
Code issues
Liability issues
Learning the business
How to book
http://www.ehow.com/how_6708729_start-property-management-company-florida.html
Building Owners and Managers Association International and Florida Department of Business and Professional Regulation
Property Mgmt Training
Important Documents
Building
Mortgage Documents
Sales Tax lien
Sales Tax submitting
Land Deed
Building plans
Vendor Contracts
Vendor Bill History
Tenants
Lease
Church
LeaseCandlewoodChurch0001.pdf
Transmission
LeaseLOLTransmission0001.pdf
ISA
Lease Impact Sports0001.pdf
Program
Business Tax Receipt (Business License)
Church
Transmission
ISA
Program
Certificate of Occupancy
Church
Transmission
ISA
Program
Liability Insurance
Church
Transmission
ISA
Program
Articles of Incorporation
Church
Transmission
ISA
Program
Big Picture Plan
Incorporate
Financial setup
Bills
Address Changes
Checking Acct
Accounting Setup
Cash Flow Forecast
Obtain Insurance
Tenant Leasing
Program Lease
Addendums
Lease Review
Obtain financing
Personal
Mortgage Re-finance
Building Empty of Signs & Specialties
Archive documents/files
Sell
Salvage
Dispose
Secure
Locks
Camera System
Alarm
Eviction Decision
Marketing
Realtor
Signage
Marketing materials/info
Website
Eviction execution
Business Processes Developed
Building Improvements
Roof
Pressure Wash
Parking
Signage
Landscaping
Code Enforcement
Marketing
Details to enable rental
Plans
Pictures
Description
Traffic
54/41 Traffic Flows
LOL Area Population
Location Benefits
Ease of access to I-75
Suncoast Expressway
Tampa
New Tampa
Central Pasco County
Parking
Mls listing
Call Wendy
Review listing
Signage
Scotty Crockett
Wendy's Sign
Tenant Sign
Realtor
Find commercial
Website
Building Maintenance
Clean
Floors
Walls
Bathrooms
Repair
Lights
Walls
Re-Paint
Electric
Maintenance list
Landscaping
Business Processes
Maintain Building
Structure
Electrical
HVAC
Security
Parking
Insurance
Utilities
Tenant Relations
Move In
Lease
Move Out
Evict
Inspection
Collect Rent
Pay Taxes
Conduct Inspections
Expand Business
tenants
Contracts
Review
Eviction notice
http://www.olclaw.com/id11.html
3-Day notice
Lock out?
Tenants
Impact sports
18 Aug Mtg
Objectives
Explain New Organization
New processes
Electronic Funds Transfer
Hurley Property Mgmt
Rhett (Director)
Brock, Troy, Rich, Deb
Agents of the company
Review Lease and Narrative
Lease History
Review payment history
Moved in 15 Feb 11
Open attempt on 20 Mar
Lease signed 4 May
Grand Opening 15 Jun
Agreement on Facts of Narrative
Walls
Office Space
Plans for Space above
Permitting
Review Account Balance
Previous Invoices
Review Lease Addendums
Define Area
Robert has Drawing
Parking
Keys
Insurance Information
Exchange of Contact information
Sign agreement of understanding
Leverage Options
Sign for Lease in front of Building
Tenant search is underway
Notice of Eviction
Failure to meet written payment plan
Failure to meet contractual aggreements of Lease and addendums
Robert Rivard
Mike Snow
Land O Lakes Transmission
Matt
Candlewood Church
Ron Day
The Program of LOL
Eric Rapp
St Pete Times Article
19 Aug Mtg
Business Plan
Financing Sources
Building Cleanout
Lease agreement
Space utilization
Buildout
permitting
Deposit
$4500
Occupancy License
Insurance
Rent
5200, 200 Electric, 100 waste
Parking
9 dedicated
Signage
Awning in front of office
Open for Business Date
Deposit + first months rent
Purchase
Computer equipment
Furniture
Way Ahead
Lease signing on Monday
Rent/Deposit due on 1 Sep
Insurance
Occupancy license
Adresses
CARSON DR
21434
21426
21422
21418
Legal Description
25-26-18-0000-07900-0090
Assessed in Section 25 , Township 26 South, Range 18 East of Pasco County, Florida
22338 Southshore Dr
8