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Updated over 8 years ago,
Self management questions
Hello all, I hope someone can help answer a few questions for me. I have had 2 rental properties for 10+ years and have used a property manager for the entire time since I live several hours away from them. In May, I purchased another SF home and I have a 4th SF home scheduled to close next month. These last two houses are within 2 miles of my home so I want to self manage them. My questions are:
Should I create a separate LLC management company and do I need to be licensed to do so?
All properties are owned in my name and husbands name but have an umbrella policy to reduce risk-no LLC.........thoughts?
What is a good resource for a lease agreement, tenant screening and rent collection?
Other than a minimum credit score what other specific stipulations can I legally make to help get the best tenant possible?
Thanks in advance for all your help!!