This comes with some other ramifications around legal liability and the ability to get a mortgage on the property.The other way to fix this is to create an LLC now, and both you and your MIL contribute the current properties into the LLC, then the LLC 1031 exchanges the old properties into the new property.

But if you both want to own/control the properties it probably makes more sense to have a legal entity.

Most legal disputes are over security deposits and for small amounts.

The biggest challenge, more than handling maintenance, is managing tenant relationships and understanding the legal responsibilities.

The application is not a binding legal document. 

So, that would mean as soon as the judge's date passes you know they aren't living there because they cannot legally inhabit the place anyways. 6.

I am renovating a walk out single family home to have a separate legal unit in the walk-out basement. 

I've already got:- Signed lease-  Five Day notice to pay or quit delivered by the Sheriff- Tenants Rights and Responsibilities Acknowledgement form signed by tenant acknowledging receipt of legal aid info.- Rent Ledger and payment history from the online payment service to track rent payments- Email correspondence between Landlord and Tenant regarding rent and maintenance on the property.Already had the hearing where the tenant showed up and disagreed that they owe rent. 

The property manager has a legal responsibility to protect your interests.

I was looking for something a bit more stable than a value-add in these uncertain times and was interested to find that MAG capital had a project for a triple net industrial tenant with a long-term lease and 9 months of prepaid rent.