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Updated about 5 years ago,

User Stats

7
Posts
1
Votes
Zach Theberge
1
Votes |
7
Posts

Advice on managing another persons property

Zach Theberge
Posted

Hello everyone,

My name is Zach and this is my first post on the BP forums. I am currently in the phase of educating myself on becoming a rental property investor and saving money to obtain my first deal.

Recently I have been helping my father renovate my grandfathers condo that he will be renting once complete. I had the idea that once we are finished renovating, I want to propose to my grandfather that I will manage the rental for him for free in order to gain experience before I buy my first property.

Before I propose this to my grandfather, I want to get some insight from everyone on any legal matters if any or precautions I should take before committing to this.

I appreciate any feedback someone could offer, thanks.

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