If you’re sourcing one on your own, ask about their marketing strategy, tenant screening process, eviction procedures, and communication style.

It may be similar to other commercial lending options, but it really depends on the type of property and the procedure of the specific lender you're working with.

This is a significant potential benefit that can impact everything from security deposits to rent controls to eviction procedures. 

If you’re not well-versed in lease agreements, security deposit rules, or eviction procedures, you could run into trouble.❌ Emotional Stress – Handling tenant issues (especially late payments or evictions) can be stressful, especially if you live in the same building.Hiring a Property Manager in ChicagoPros of Hiring a Property Manager✅ Less Stress & Time Commitment – A property manager handles everything from finding tenants to collecting rent and coordinating repairs.

If you are not familiar with lease applications/procedure/ and contracts, use a realtor to make sure you don't leave anything  out that can come back and burn you.

Hi Kyle,My wife is a dentist and the proud owner of Vitality Dental in the Northland of Kansas City.

This is partially because we lose the OTA protections and partially to make sure we follow the same procedures for all residents (fair housing laws are important to follow). 

New posters often do not understand the purpose, procedures, and people on BP forums.  

Our company is actually starting an Asset Management Mastermind to address these infrastructure issues and share our systems and procedures.

Maintenance department (are there preventative maintenance procedures?)