Leading the charge was the European Union's General Data Protection Regulation (GDPR), which came into effect in May 2018.

IREM President Libby Ekre, CPM, shares five essential things to look for:Licenses & Certifications – Ensure the firm has certifications like CPM or ARM, guaranteeing adherence to industry standards.Regional Experience – Local market knowledge is crucial, especially for properties in smaller cities.Property Type Expertise – Match the company’s strengths with your specific property type for better management.Company Culture – Look for a firm that values customer service and team management.

The parts behind the paywall will allow us to focus on our paying customer - the LPs.

It’s important to clarify these two items because there are people who pursue these strategies with unreasonable expectations of anonymity and liability protection. 

And on top of that, you how back end protection (assuming you buy these hypothetical future rentals right) in regards to have a strong and diversified total net equity position across your entire portfolio, as well as diversified amounts of monthly rental income that can help should there be any type of stabilization period that needs to take place if any value-add properties are in the mix.

With most insurance, it goes back to the peril that caused the damage, and whether you have protection for that specific peril or not. 

Good old Uncle Sam.For most folks in the US, taxes are anywhere from 30-50% of their gross income every year.To protect yourself, you should do 2 key things.1.

Quote from @Sylvia Castellanos: Seller pays for title insurance to guarantee the buyer's protection from any title problems.The contract determines who pays closing costs.

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.

Are there any other considerations to ensure appropriate liability protection in this arrangement?