@Tony M BatisteIt will be on a case by case basis determined by their pay history and communication with us.

I inquired about a loan and unfortunately long story short I got burned lost all communication and can not get my deposit back.

Read The 7 Levels of Communication by Michael Maher.

I want to scale efficiently but also quickly at the same time.

Really nice honest lady and proactive communicator. 

You'll want to do all communication in writing.

Rental insurance - if you require it (highly recommended), Cozy has a relationship with a provider so the tenant can purchase coverage and provide you with proof; 5 Tenants can reach out to you via the platform to communicate repair issuesI also use Buildium for another portfolio (properties I manage for a developer), but it costs (depending on how many units you have), has the same capabilities mentioned above, and is far more robust than Cozy.

They placed a tenant relatively quickly and we have been collecting rent checks with little to no communication with the PM company since - great, right?

Is there a more cost efficient way to manage my properties, such as perhaps one LLC to cover all properties and a large umbrella insurance for liability issues ?

Now, when I say most people, I refer to people I listen to and communicate with, which doesn’t necessarily reflect the crowd following the wrong news.