Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

Background: purchased property with inherited tenants. Tenant had bf living with them I made bf sign lease amendment to be on lease. Tenant informed me they would be leaving February first. (M2M Lease)A couple days la...

It simply means that you agree to let them perform a 1031 exchange which starts with the sale - not that you have to help them finish. 

This service is provided by several authorized 3rd party companies.2024 update: If you file more than 10 1099s, you MUST eFile them now.Here are some of the online 1099 filing companies, and you can easily find others:tax1099.comWageFiling.com1099online.comThese companies charge under $5 per form.

The real estate investing industry uses "Classes" to rank property performance risk, but there's NO agreed upon industry model:(Here's what we use for our Metro Detroit market:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Aaron I would not pay but if they wanted to have this added I would have a licensed electrician perform the work. 

Performance is solid.

Strong rental performance & return Lessons learned?

If it were to read LP member owns XYZ% and will receive a certain percentage of proceeds based on property performance, that's a different story.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!