Quote from @Paul Azad Azad: Great webinar/format, please keep it up.If Monday is GP and operating the property, who is RSN?

With insurance rates going up, best to find areas with the lowest operating cost.

Even if it's cleaning rooms, get a feel for the operations.

What I love about Baselane is that it was built BY real estate investors FOR real estate investors so it's really dialed in to what you're going to need in order to prepare your taxes, keep your books up to date and the more operational aspects of being an REI like tenant vetting and processing rent payments.

It's just not how successful people operate.

Operated as an executive high-end rental for 2 years and cash flowed nicely while rented.

So i told him, AWESOME, that makes the answer so simple, DONT SELL, it's just that simple, selling is not an option, so, all energies too leasing it.     

hmmm, it seems not that simple.

Its not as simple as using eviction law even after you closed and now are the owner. 

Hello @Yvonne Wang,The scope of work should include the following:- Basic info: Property address, client name, contractor's contact info, address, license#'s, signed general/operating agreement b/w contractor and client- Specification of repairs: Repair item, Quantity of items needed, total & per unit cost of items, taxes (if applicable), Completion hours, title of the person responsible for the repair item, written summary describing the work- Add'l info: Schedule of repairs, additional payment schedule details i.e. disbursement schedule, method of disbursement, deposits, holdback amounts, etc.The screenshot below highlights a couple of repair items.