Your contract is evidenced by the spreadsheet, payments, and likely other communication about the work.

The lack of communication is typical in this business and a reason why we opened and have done well. 

They are always on top of maintenance and communicating any issue regarding the property and they have streamlined the process so that it’s relatively easy and quick the purchase. 

For a simple reason, we have emotions.

Live in one unit and rent out the others to cover your mortgage.Seller Financing: Negotiate terms with the property seller where they act as the lender, often requiring a smaller down payment and bypassing traditional underwriting.Partnerships or Joint Ventures: Partner with an investor who provides the capital in exchange for a share of the property’s equity or income.Lease Options: Use a rent-to-own agreement, which allows you to control the property while saving for a formal purchase.BRRRR Method (Buy, Rehab, Rent, Refinance, Repeat): Acquire a distressed property with short-term financing, rehab it to increase value, rent it out, and refinance to recoup your initial investment.Pro TipStay in close communication with your lender as you approach your next purchase.

I will be sure to be upfront on the lease about the guidelines and specifics like that including cleanliness expectations, late rules, eviction notices, communication, maintenance, etc.

Teshaws , go ahead and give me a current contact to communicate with you privately if you need a reminder of your ignorance in business.  

If you want to get the most out of your new Pro membership, add a photo, a bio, and some information in your profile so people know they are communicating with a real person.

So as a result of my “asset protection” procedures, the end result was that instead of being sued personally and having to spend the time, money and emotional stress of both defending my self AND suing the insurance companies and condo association, the plaintiffs accepted an ASSIGNMENT of proceeds and signed a form releasing me and my LLC from liability in exchange for the right to go after the insurance companies themselves. 

The hard part is actually remaining disciplined to manage that emotion and not losing that conviction when it does get ugly.