If the tenant has a reasonable explanation and a solid plan on how to recover we will work with them.You are asking the right question: how are you planning to pay double rent next month?

. - Fortunately, our transparent systems allowed the owner to catch it:)- Full transparency - we would have never caught this honest mistake:(An owner also needs to be involved to approve & fund large expenses: maintenance, property tax & insurance payments (if they want to be more hands off), evictions, etc.A great PMC should also have a chat with you annually about your future plans for a property and your portfolio. 

If it were a stick built home instead of a mobile home there probably would be less risk as long as property was insured.Yes, this is my plan to get the land back, have attorney and title company check all the legal boxes and ask my CPA to write it off as a lossBuyer is going to deed the property back to me and I'll take a Promissory Note. 

Ultimately, it’s about what aligns with your budget, risk tolerance, and long-term plans.

Don't solely rely on third-party management companies; instead, focus on building a solid asset management plan and, if needed, bring in experts or partners who excel in this field.

This has become challenging due to an increased interest in the historic district in Dubuque due to revitalization plans that include 18 million dollar investment into the historic downtown area. 

We like the software, but the consulting service seems taking a bit too long... we would like to have someone to help us out with set ups, automation and a general marketing plan...

What kind of goals / plans do you have for 2025? 

Usually draw fees are very minimal though and if you plan them right, it can be a great way to replenish your cash or pay down debt from rehab.

If I only plan to build new detached units (no alteration) and no demolition, I should be able to use SB9 right?