If you will be multiple places chat with an attorney to see if one is most beneficial protection wise, you'll need to register that LLC in the other operating states as a foreign LLC doing business there. 

You would wish your PM to know how to file claims and protect your assets when your unit is vandalized or someone sues you for slip and fall.

@Fetch PhoenixI'll add something that may apply....your current policy may already exclude wind and/or fire, which means that you could already be without protection. 

You’d need a clear exit plan and enforceable lease terms to protect your investment.Think about the following:Tenant Risk – Can they truly recover financially, or will you face another eviction situation?

They acted quickly and in your best interest to protect the property and your tenant. $2,000 is about the going rate in my market.2.

My husband and I have personally flipped, built, and own rental properties, so we understand firsthand how critical it is to not only maintain good tenant relationships but also to protect and enhance the value of your asset.

The entire community tries to help one another and protects one another.

@Charles Evans Zelle and Venmo do not provide the same protections as a third-party rent payment portal.

Texas tends to favor landlords in these cases, but follow the legal process exactly—any misstep could delay things.As for protecting against retaliation or property damage, installing security cameras (if you haven’t already) to monitor common areas might be worth it.

She blatantly lied about tenants moving out, only to later admit in an email that there had never been a tenant in the unit at all.Failure to Collect Rent & Protect Owner Interests – She made what seemed to be no real effort to collect rent from tenants who consistently fell behind, leading to thousands in lost income.