Be clear and firm on rent payment dates, grace period and late fees.

I have a job where the end is better than the long haul.

I am curious.Hey Mark, This scenario you describe has not happened in our firm with any of our clients yet, but I have heard from other accountants that it has happened before.

Depending on what your cash on cash return goals are, or monthly cash flow they may be more moderate, but the appreciation is in your favor if you buy in the right neighborhoods and are willing to hold for several years or for the long haul. 

The plan sponsor selects a firm to provide overall administration, and also selects numerous investment options for participants to choose from.

I hope it leads to far fewer, more efficient real estate firms that focus on full-time professional agents doing more business at a reasonable rate. 

I would speak with Jackson Law or another real estate law firm to give you advice. 

. I have seen situations where landlords and tenants are both very firm on their requested rent price and it was a minimal difference and the landlord let them move out and the money it cost the landlord to clean fix paint and rent the unit out to a new tenant outweighed the difference they would have made the tenant after moving expenses and paying first class and Security again probably outweighed what they would’ve paid had they just stayed so sometimes it’s better to just negotiate and flex a little to renew a tenant than to keep swapping tenants.

I get the less leverage aspect makes you more vulnerable to the underlying house price, but the lack of debt gives you the ability to maneuver around that & its likely a high house price point will appreciate more than the average over the long haul but these are just two years in, you got to wait till really year 8 to start trading the equity. 

Bigger firms may charge higher fees but they also come with a lot more support and items in house.