A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

If you want to run a charity by all means run a charity but don't speak such insanity that letting customers STEAL is ok, it's not.

The thought being in case a tenant sued you your house would be titled in an LLC thus protecting your personal properties.

I focus a huge amount of time on tenant screening and providing exceptional property management/customer service.

If you want to appear professional and on top of that get liability protection, put up an LLC and close under the LLC. 

An AC unit in beaucoup Hot weather may have an up charge from the installer because he knows he can get it from customers who want immediate cooling.

Personally, I find that buying is usually quicker and cheaper upfront, while building offers customization but requires more time and coordination.

It's all run under the table currently and haven't had any problems, but want to formalize this as a business to avoid any hardship down the road.I don't know how I should be protecting myself here.

For example, if a family is displaced due to extensive water damage that will take a few months to repair, the insurance company will then look to find temporary housing for their customer/displaced family.

@Trent ReeveContact Schlage directly the Customer Service is exceptional.