Laws, procedures, redemption rights by the previous owner, title marketability varies by state laws.

One bit of advice from one BP member to another Make sure you have a really good set of corporate resolution docs, non competes, a really good set of policies and procedures and communicate daily on expectations, goals, and EVERYTHING!

Anyone know anything about the procedures in Louisiana for setting up a "Personal Care Home" vs mere room and boarding for special need individuals.? 

Highly advise taking the proper procedures to legally becoming a property manager, even if it is for a relatives property.Do you have liability and E&O insurance to help protect yourself?

At the time, we had already started the eviction process for tenant B, and explained to tenant A what the procedures and time frame would be. 

This indemnification agreement does not waive Owner’s Agent’s duty of care to prevent personal injury or property damage when that duty is imposed by law.Resident May End Lease Early:Resident may end this lease before the end date of the lease or any renewal term only with written permission from the owner and only if: (A) Resident gives owner minimum written notice as defined in the lease end notice procedures, AND (B) Resident pays owner a minimum Early Release Fee of two months’ rent, plus utilities during the required notice period, OR (C) Resident continues to pay all rent and utilities until the end date of the lease or, Owner secures a new resident to take the place of the current Resident, whichever occurs first.

From a process and procedure perspective, does your process have an allowance for this type of accommodation to some tenants and not others?

The letter would introduce me, the updated rate ($50-$100 increase depending on rate), and a brief explanation of my policies and procedures.

Assuming that all the proper documentation and procedures can be hashed out ahead of time, it still doesn't seem to be much skin left in the game for this to be a truly solid Sub-2 deal.   

Hi gang.  Just starting out and have done about a dozen property analyses using the Rental Calculator tool. The BP calculator lets you save the results which is great, and I know you can set Reminders.  But now that I...