Its like saying 97% of the people who say they wish they could pay the piano never mange to play even one song, but of the people who spend significant time learning and practicing only 5% fail to play at least one song.

We work with a lot of out of state investors and have the boots on the ground to help find, rehab, and mange deals.

Maybe this could be a potential deasl for you, take over manging for him, for a fee of course.

You can't be afraid to mange tenants.

Only if you mange the property via an LLC, and the property is also owned by an LLC do you have some protection, but that still doesn't guarantee your name won't end up on a lawsuit.Either way, up the liability on the property to the maximum and add an umbrella on top of that. 

Pride of the litter, a proper "petey dog", full of mange, underweight, 18 months old.

I may be the lone wolf in this discussion- but if I cant afford a 6-8percent PM - where they do the heavy lifting and I just mange their progress- than it is not worth it for me..

The Landlord hires a Property Management Company, because they either don't have time to mange their properties themselves.  

All of them are long term rentals that we also mange. 

Originally posted by @Justin Manges:@James Palassis I’m a newbie… what is the umbrella policy for?