Only government and insurance companies insist on not letting go of mail.It's good asset protection.

If you are just looking for principal protection assets you can do a lot better than empty houses, if that's what you are doing. 

There's no way to guarantee things won't break, there are only ways to protect yourself financially so you can replace those items.

The LLC is there to protect you from liability when doing business by SEPARATING your business from your personal.

This negative position can consume years of cash flow to recover.

But i am very happy with the downside protection it provides.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

Also, if your state allows it, add a clause in the lease and attach a fee to protect you if they leave without notice. 

Luckily I didn't because it's great now...but I didn't know that at the time.So I'm going to push back on the numbers people and say I don't think you're looking at the big picture and I also don't believe your numbers protect you from failure or guarantee success.

As others have mentioned they will be putting a lot of time and effort into this so it is important to have an agreement that protects them as well and allows them to do their job.