Customize Your Lease for Room RentalsEven though you’ve got the BP lease agreement, I’d recommend tailoring it to fit your specific room rental situation.

and only after you covered properly the "other" aspects of risk management (insurance, umbrella insurance, proper property management, etc.).Unless you are doing flipping (or AirBnb), in which case I suggest you look into Series-LLC and you operate each flip in its own child-series (if not clear why, ask for more details).Anyway, a lot of this is covered in my notes, and that should save you hours of research and hopefully clear some confusion as to why you want it and when and how.

They work on our accounting/bookkeeping/reporting/administrative aspects of our rental portfolio.

Make the home licensable and tailored to residential assisted living, and then lease it at a higher than market rate to an operator who will run their own business out of your home.

The wealth of information shared is nothing short of mind-expanding, covering diverse aspects of the subject matter.What sets this mentorship apart is not just the depth of knowledge but the genuine camaraderie among members.

Most real estate investors oversimplify some aspects of their business and overcomplicate other areas.

Smart sellers will eventually offer better comp because they know they will get more showings since buyers can note on the buyer agency agreement that they don't want to see homes that don't offer compensation for their agent.Take the ruling as a time to adjust your business model to less spray and pray (work with anyone) and more tailored clientele with a concierge feel.

I have a great network here in Utah for almost every aspect of the transaction and I am always happy to represent anyone as an agent, with hands on experience with investing, I currently own three properties and am finishing my first flip.

Let me address your questions and provide additional clarity on key aspects:1.

The knowledge part was only one aspect of what I was missing.