They have custodians that manage their money, and you are simply the beneficiary of that account.

. $600 a month chances are they could rent it and make a profit and if it doesn’t go up as much as they were hoping they could simply give the house back to you in seven years.

He knows EVERYONE:)quick check they are NMLS licensed and state licensed so good on that end.. when they come to Oregon they will need to get state licensed here.. and in WA no license required.. you see a lot of lenders say they loan in NV but many are not licensed there..

You should require the first month's rent paid in full before handing them the keys.Start the eviction process.

Expanding my network is a priority, not only to find new opportunities but also to eventually be in a position to provide those opportunities to others.I know that scaling a business requires collaboration with others who can bring expertise in areas like financing strategies, legal structuring, and scaling operations.

Hey Chris, If your agent is only using RCM, they might not be familiar with platforms like Costar or LoopNet (which honestly should not be the case), or they simply may not have the budget to cover the upfront listing fees, which can get pricey.I’d circle back with them, address the plausible elephant in the room, and try to figure out a game plan to get your property on these other platforms.

Get a DBA and use to open a business bank account.Have your properties "hire" the DBA to manage your rentals and collect rents.Most states require a lease to identify the owner of a leased property, whether a person, trust, LLC, IRA, etc.Landlord = Lord of the Land = Owner per deedAgent = someone legally representing the ownerProperty Manager = Agent

Transferring property first to a revocable trust, then to an LLC, may avoid triggering the due-on-sale clause, but this requires lender confirmation.

Quote from @Kar Sun: It appears the law requires you to allow them to attend, inspect together, and mutually agree to a list of damages: https://codes.findlaw.com/tn/title-66-property/tn-code-sect-...Print that off and follow it.Make it clear to her that she is not permitted to bring guests.

@Austin Tess make sure you know what sort of notice period is required for your area/state first for MTM units.