They have a learn as you go mentality as far as training goes so I feel you need to be a bit more self-motivated starting out as opposed to if you worked for a more well-known brokerage with a more formal training program. 

– Is it simply an apartment with a studio, or is it a designation that requires a formal process, such as registering as an artist?

I'm happy to make formal connections to both of them.We also have a list of several other quality architects we would happily share.What part of Chicago will your project be in?

Can communications via email (ex: deposit return letter, or sending invoices) be considered formal and written communication? 

I am contacting you to formally request validation of the alleged debt concerning this account and to inform you that I hereby dispute the validity of this debt.

The knowledge and experiences shared within a like-minded community can often prove just as enriching as formal coaching.Are you going to BPCon2023 by chance?

Formal Request for Lease and DocumentsDraft a formal written request for the lease, invoices, and portal access.

For lending to friends or family who prefer minimal involvement, provide a **Loan Agreement** with loan details and repayment terms, a **Promissory Note** as a formal repayment promise, a **Security Agreement** if collateral is involved, an **Investment Summary** covering project numbers, process, and security, and a **Disclosure Statement** explaining potential risks.

Other than listening to BP podcasts, reading over a dozen books and engaging with the masterclass content, I have no formal education in real estate. 5.

Some things I do to avoid bad situations: screen well, only have properties in good locations where people actually want to live (I find tenants behave better when they know they have a good thing going for them and that they are easily replaceable), set proper expectations, have a rock solid lease, go over it with new tenants to make sure everything is clear and agreed upon, and enforce the lease by issuing a formal notice to pay or quit every single time rent is late by even one day (and charge the late fee), or a formal notice to cure or quit every time there is a lease violation.