I don’t know how many BP members own properties but I would assume thousands of members own 10’s of thousands of units.Yes I understand people buying 50-100-500 unit buildings need corporate protection.

Does the monthly verbiage in a traditional lease need to be updated to reflect the weekly collection?

You can certainly ask the agent who helped you purchase the property for advice too ;)Since you are using a PM to run things, I don't see any need to meet anyone except your PM and the contractor/handyman you plan on using for repairs/updates.

Would love to hear an update if you have one!

Needs lots of updates.

Update: Thanks for all of your comments and suggestions, much appreciated.

Major corporation's leave all the time so be prepared!   

Any update would be greatly appreciated.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

We are getting ready for a comprehensive lease document update and it's an area I think we might be able to improve in our current documents.Thanks!