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Updated about 5 years ago,
Advice on managing another persons property
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.