I think the earlier in the process you engage your PM, the better off you are.

An engaged couple has applied to rent.

I had been civil with him thus far, haven't bashed him on social media or anything, and without a signed agreement I wasn't worried about an legal outcomes.Flash forward to today, and he looks like he's finally engaged with an attorney to try to collect - I've received an email from an attorney's office stating I need to pay within 7 days or they will file a lawsuit.

Connecting with a closing attorney to acquire and organize all the legal documents associated with either route discussed in step 3Are these the correct initial steps that I should engage in to get started and gain foundational, learning experiences since I am brand new to the industry and have limited capital to work with?

After all we are engaged in a legitimate business.

I define a good tenant as someone who:Has stable employment in a market segment that is very likely to be stable or improve over time.Pays all the rent on scheduleTakes care of the propertyDoes not cause problems with neighborsDoes not engage in illegal activities while on the propertyStays for many yearsIt took a lot of time to determine which tenant pool had the highest concentration of good tenants.

It's always the old Italian landlords pulling this sort of thing, like it's in their DNA.We Greeks have never engaged in shoddy building or repair practices, never, ever, ever, down from the classical age to modernity!

License required It is unlawful for any person or entity to engage in real estate brokerage without a current real estate brokerage agency license issued under this chapter or a license authorizing the person to engage in brokerage activity on behalf of a brokerage agency.

My findings: (1) A great opportunity with low risk (2) If you don't know what you are doing partner with someone who does  (3) Storage units are NOT an investment its a business (4) This is not a passive business- you must be hands-on and engaged. 

If you want to engage his services, please click on his profile to see his contact information and contact him directly.