Benefits of long-term rental are literally ZERO unless one of the following is true for you:1.

Just document the current condition before the cleanup process and follow any other local law or procedure that is in your municipality. 

Following Up + More details: @carolineOur utilities were also opened using an LLC but since the power had actually been shut off the problem mostly came from ICE sending someone out to turn it back on plus installing a new style meter (which had to be approved by our HOA but that was another matter entirely and not particularly difficult).Opening a bank account with BCR as an individual is easy and you can get an atm card in about 3 days but you will be limited to holding only a thousand dollars in it.

I've incorporated the following assumptions across all my deals,1.

Assuming your property is in Utah (like your profile indicates), here's the state law from a basic internet search:In Utah, a tenant who abandons a rental property without notice is liable for the lesser of the following: The rent remaining on the leaseThe rent plus the difference between the fair rental value and the agreed-upon rentThe cost to restore the property to its original conditionThe landlord can also remove the tenant's belongings and sell them if the tenant doesn't claim them within a reasonable time.

Thanks John, Ive been a follower of the multitude podcasts for years now and just haven't taken the plunge into the forums yet, but here I am now!

This ensures you will be notified if your tenants cancel their coverage or have a lapse.Adding you as an additional insured would open you up to any claim they would make which  would be a huge risk because those claims would follow YOU for any other purchases you would intend to make for at least 5 years.Your homeowner/landlord policy will provide the liability protection if something was to happen.

A good coach will push you to take action, focus on the action that creates traction, stay consistent, and follow through on your commitments.3.

Rayza, Werner’s assistant, has proven insufficient.

@Francis Van Steen I would also like to know if we can have a follow up; did you decide to invest?