A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

It's important to understand that there are other time clocks running against the deal also.Sometimes they ask for armed security which is more expensive , and in my experience that does not mean they are going to protect your property with their sidearms .

When I quit W2 and became an agent my investing suffered for the first 2 years.

You may also want to have a discussion with your attorney about how to structure the lease to protect yourself.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

Partnership deals, asset protection using Land Trust,Umbrella Insurance etc

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

Your property manager has a fiduciary responsibility to protect you, her client.

This is the problem I observe with most when in comes to entity formation and asset protection. 99% of the individuals who post questions in these forums are for some reason pushed to believe they should at least research entity structures that are completely unnecessary.

The rules aren’t often enforced, but I’d be more worried about getting caught up in a lawsuit with no errors and omissions insurance protection personally.