It was a wild ride for him, especially in the first year, but seeing guests enjoy the space made it all worthwhile.Given your engineering background and rehab experience, you're well-equipped to handle the complexities.

I do not appreciate basically being “fired” by my property manager because she was unable to handle firm and constructive feedback regarding the lack of HER communication and multiple mistakes by this company.

It’s wise to run different stress tests on your budget to see how it handles fluctuating interest rates, higher costs, potentially lower market valuations, or worst-case-scenario acts of God.b.

For example, San Jose updated the rent control ordinance June 17 of this year.What is the PM's philosophy in handling tenant relations? 

How I have structured these in the past is if he is coming with all of the capital and you are handling everything else than a 50/50 split is fair.

Many landlords now use online platforms that integrate electronic signature capabilities to handle this legally and efficiently.

If you’re comfortable handling the paperwork yourself, you can continue to do so.

@Jon Kim No matter what entity you decide to invest with please be sure to have 1-3 exit strategies outlined in your partnership/LLC agreement to make sure you know how you’re going to handle a situation when 1 or more of you wants out.

It's too small to have employees and efficiencies but more work than I'd want to handle myself relative to other interests.

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?