A Description Of AJM Properncy

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AJM PROPERTIES, LLC | By: Elizabeth Martinez | | | | | 4/17/2013 | |

The beginning of the calendar year is always a time of reflection for a lot of people. It is a time where, people set goals that they would like to achieve in the coming year. These goals may be goals that someone wants to achieve in a number of areas of their life. Goal setting is very important because it gives you something to aim for. I always knew I wanted to reach certain amount of “assets” for myself as well as to leave to my children. My personal goals are not only thought about at the beginning of each calendar year but throughout the year as well. This allows me to stay focused on the objects that must be completed in order to start a new business venture.
To start a business that allows a certain level of freedom with a "product" that doesn't go out of style, rental property operation come to mind. This type of business involves an investment in real estate, including residential properties and apartment buildings. With this type of business I'll have the shared title of business owner and landlord. Rental property is considered ‘investment income”.
Owning a property gives you a sense of security. In a difficult financial and economic climate, a rental can provide you with a safe haven. In addition, rental properties create options. If you wish to move into their rental property, you can. Conversely, if you need cash, you can try to sell the rental property to raise a profit. Owning a rental property can offer you a fallback option, no matter what life throws at you. When you own something, be it a house, car or another tangible asset, you can feel proud that the object belongs to you. Knowing you own something, no matter its state, makes you feel happy.
As an owner, you have control over your property. You can make whatever improvements you see fit, paint the place whatever color you like and decide on the property's future.
Many people wish they could earn money without having to work. Owning a rental property offers you just such an opportunity. Rental properties can make money without much effort on your part. As long as you do your part to keep the property in good condition, such as taking care of maintenance issues when they arise, you will not need to expend very much money or energy towards making your investment profitable.
I currently have two kids whom both share the same set of initials-A.J.M., thus creating AJM Properties. After all, this business was created, managed and maintained for them in hopes that one day they can take over and continue to grow the business.
AJM Properties will establish as an LLC. Investment property is usually defined as real estate that is primarily purchased to buy and sell for a profit in the future or to produce rental income. However, there are several factors to take into account when deciding to purchase an investment property. Understanding the many components of investment property ownership can avoid a lot of headaches down the road. Many investors with real estate investment properties own them personally. A more prudent way to own real estate for investment purposes is to transfer ownership to a Limited Liability Company (LLC). This method not only protects it’s owner-member’s personal assets ; cash, equity in real estate, primary residence, investment accounts, retirement accounts, etc. – from litigation; but it also allows for flexible profit distribution among their members.
The primary reason to form an LLC is for the legal protection it offers. Let’s assume one has a personal creditor, the creditor generally cannot make a claim on the property owned by the LLC or other corporate entity. Should any tenants, their guests, or anyone on the property sustain any injuries, and if the property is owned in the client’s name, my personal assets are at risk. Example: An owner has a rental property that is occupied by a young couple. They have a holiday party and one of
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