A financial advisor with real estate experience can help you plan effectively.

Managing your property manager effectively is all about communication and setting clear expectations.

(the “Company”) decided, in accordance with the terms of its Share Redemption Program, to temporarily freeze the Company’s redemption program, effective February 1, 2024.

But, for instance, I sent them a notice of rent increase effective February 1 and needed them to confirm that they have accepted the new payment terms through our electronic payment system, and even after repeated notices, they are not responding.

Can waste a ton of time, money, and effort on this which could be used more effectively evaluating deals, strategies, and markets where you can find returns.Good luck and feel free to connect if you'd like to chat more about it! 

2.What are the best and most cost-effective solutions for managing this potential long-term issue?

For this protection to be effective, it’s crucial to keep your finances entirely separate from the LLC’s finances.

Then, at death, the property’s basis resets, effectively erasing the accumulated depreciation.

By recognizing the signs and implementing effective preventative measures, landlords and property managers can protect themselves from potential scams.

It’s a bit intimidating since it’s outside my usual scope of business, but I’m committed to taking the time to learn how to be an effective landlord.