You just cannot start it on the last week of December and pay them for the work you suddenly "remembered" they did for you all year.

Operators who were able to kick the can down the road may see huge increases with this year's insurance renewal or property tax bill, but there's no reason to expect another year of massive surges in operating costs. 

If you inherit a tenant and they have been a good tenant, I see no reason to suddenly ask them to submit an application for a potential lease renewal. 

Suddenly realizing that what you don’t know can hurt you a lot.

I’ve seen this with small business owners that all the sudden end up in a cash crunch a few months into the next year.

Then a "surge" when the tenant paid up months later bc usually a tenant has to not only fall behind but MONTHS of rent have to go largely unpaid to warrant eviction.If the P&Ls were "doctored" by the seller, that seems like pretty big cause. 

Wait to sell for tax reasons - and watch your investment suddenly lose value.

Over in Austin, I’ve seen people lean on new, dynamic investment advisors who understand the rental surge happening there right now.

There was a glut in wineries not long back when The Australian dollar was high and people who once couldn't get enough of Australian wine suddenly turned back to relatively cheaper and more fancy sounding French and Italian plonk, combined with the change in regulation in the Chinese wine market that killed it as a business drink.

I just don't know how at the moment, but when that day comes, I'll suddenly remember Nicholas L.