As property manager we have the right and the physical and electronic safety guards to capture their SS number if they have one (this required an on site visit to our office to verify that each computer was password protected, that we had locking file cabinets etc).

Their lease is up for renewal, and contains one Option to renew, which they've notified us they want to exercise.  

Owner shall pay, except as provided elsewhere in thisAgreement, all expenses incurred by the Agent, including, but not limited to, reasonable attorney’s fees and Agent’s costs andtime in connection with any claim, proceeding, or suit involving an alleged violation by the Agent or Owner, or both, of any lawpertaining to fair employment, fair credit reporting, environmental protection, rent control, taxes, or fair housing, including, butnot limited to, any law prohibiting, or making illegal, discrimination on the basis of race, sex, creed, color, religion, national origin,age, marital status, or mental or physical handicap, provided, however, that the Owner shall not be responsible to the Agent forany expenses in the event that Agent is finally adjudicated to have personally, and not in a representative capacity, violated anysuch law, unless such acts and or omissions are outside the course and scope of Agent’s duties hereunder.

Digitize physical receipts for easy storage.Additionally, youcan track income and expenses consistently, using software or spreadsheets.I use QuickBooks Online for most of my clients.

Right now, if you can't scrape by at home you can't weather the volatility that physical real estate encompasses.

They’ll be paying 40% of market rent, you’ll be paying them $3,100/mo to “be good tenants” and you’ll be out $261,000 in rent. 4) think about the “lovely good tenant family” that you are denying a place to live for $1,600/mo (20% under market) because you want this other family to live there instead.5) Try this exercise.

LLC & AR filling & property tax notices) while fulfilling the requirement of having a physical and mailing addressFor my LLC, I have both the Physical and Mailing addresses going to one of my rental units.

Physical asset investing isn't for the faint of heart.

For me, I prefer to physically visit the different neighborhoods in the area that I plan to buy in as well as look at online crime & census tools (employment, pop. growth) 

Potential investors, on the other hand, should exercise caution, focusing on due diligence and seeking opportunities in sectors of the market that show resilience or potential for growth.The Road AheadThe current trend in foreclosures is a pivotal moment for the U.S.