I ask this question because I suspect at least 90% of people who post on BP about entity formation or transferring properties from their personal name to an LLC cannot articulate the risk they believe they are protecting against.

I hope you have a strong relationship and trust with this partner, or have some sort of lien against the property to protect your interest.  

From what I have seen, only players here in US that go that route are the large funds like blackrock etc.

We have a 14-page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

For example, at one point I talked with a lawyer that thought an 11 month lease would better protect the landlord and the tenant from some of the changes to the new eviction requirements.Best,Eric

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.

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.

There also could be malicious attachments or links that work to steal your login information or infect your computer.Here are some ways that you can protect yourself and your clients.Stay up-to-date on IRS Communications: If you receive any communication from the IRS, ensure it is coming through a verifiable channel.

It is imperative that you protect yourself (and your guests) by using the legal language and requirements of the state you're operating in.

I was just informed by one that the other got into some trouble and there is currently a military protective order against his roommate.