SOPs and well-documented systems help to streamline operations and allow for smooth growth.As your real estate business expands, it becomes increasingly important to establish standard operating procedures and systems.

I'll be starting dental school in about a year, and my plan is to house hack a small multi-family for 4 years of dental school.

Not all tenants are created equal no matter the source of their income, so that's another conversation to have with the PM on what their screening procedures are.

I understand there's a procedure to follow, but I'm also aware that there may be limitations when dealing with older or ill tenants.

thanks for the reply Doug ,The problem I'm having with FSBOs is that all the ones I'm coming acrossAre investors , so I'm trying to find a way where I can get leads from a source That have data about people defaulting on their mortgage before the foreclosure procedure starts , should I go to title companies ?

Ultimately we also hired another consultant who came in after closing and assisted our Executive Director in developing policies and procedures (this is critical, as it is what the state looks at when they do their surveys/inspections).Due diligence lasted 3 months and it was a LOT of work.

Has anyone dealt with extended rate locks and also this company Highlands Residential Mortage out of Essex Florida? I've got an extended rate lock on a SFH with Graham Parham and Aaron Stelly at Highlands Residential ...

The package of protections extends well beyond those living in rent-regulated apartments to all New Yorkers renting apartments:Security deposits will be limited to one month’s rent and procedures will be improved to make it easier for renters to get their security deposits back.Tenants who were seen as troublemakers by landlords — perhaps for standing up for their rights — would sometimes end up on blacklists that would be shared among rental agencies.

You will have to send 1099 forms to your clients and vendors by January 31.A successful business documents its policies and procedures for every task it performs, large and small, and keeps these policies updated regularly. 

I pay support and still pay their insurance (medical, dental, vision), clothes,  school snacks, and am the only one that takes them on vacations.