I currently self-manage three properties in the Atlanta metro area and have learned a ton through trial and error over the years.

First things first, when assessing property managers, it is crucial to prioritize their ability to collect rent and manage delinquencies.

If I have a fixer listing, I have an obligation to put it in the MLS because of this. 4.

It also requires different reporting of that separate interest expense on the K-1 each year so the partners know they have the obligation of tracing that interest expense to however the partner used the distributed proceeds.I typed all this up and realized Mr Brooks has left the building and posted this 6 months ago, but hopefully someone else will find this useful!

I have many questions about this topic - moving from self-managed to PM - I'll post something separately on this topic. 

I'll send you a message, feel free to reach out any time, no pressure or obligation at all.

Property management is not for the faint of heart, so glad to see you're enjoying it and thriving.

Hello BP!In 2025 I plan on purchasing my first home. Hoping to go down one of two paths:1- Buy a condo or small single family home and build equity and create value with my maintenance/construction background.2- Find ...

Generally, the coverage of the policy will state; “The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured after acquisition of the Title by an Insured or after conveyance by an Insured, but only so long as the Insured retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance of the Title.”

Staying involved in a business partnership while dissolving the marriage will rarely work.If you split the properties, I recommend hiring a good property manager.