Note that there is a Trustee and it is their duty to perform the FCL procedure properly.

WHAT A THREAT  She said she followed every procedures and I have to call her supervisor. 

To date, the North American REIA and all of her chapters are the only REIAs that I know of that have and operate from a standardized Policy and Procedure Manual guiding all of our decision-making, business, and private relationships as leaders.

It could be close to a year before you gain custody of the property and have it producing a cash flow.Redemption periods, foreclosure procedures, advertising, everything is unique to every state.

It is truly important to develop  good office procedures and equipment prior to anyone even buying their first rental home.Once you have your office organized and equipped with the needed office equipment to help you keep track of those purchases, e.g., computer, internet, printer, answering machine or Vonage Phone, Stamps.com, then start house hunting. 

The big difference is that I found this person, provided him with all of our systems, documentation, and processes/procedures, and then trained him to be a PM in this business and he is doing fairly well at it.

They also don't have to deal with costly evictions or tenants causing $10,000 in damage to a home that rents for $800 a month because I have policies and procedures in place to protect them.I agree with Dana Dunford that transparency is key.

Yeah man that is pretty standard procedure.

I can't tell you how many labor hours I've lost out on due to their lack of procedures and quality personnel. 

Other documents: 1) Property Management Handbook, with info on banking procedures, tenant screening, dog breeds, you name it, that I would give to an assistant (if I had one) to run the business.