Keeping track of the income and expenses for each unit can be easily accomplished with good bookkeeping procedures that record transactions by categories or registers.Ditto about checking with the landlord-tenant laws for your jurisdiction.

I think it's a natural part of the real estate cycle.

@John Thedford that may be true dependent on the specific circumstance, but buy and hold properties have a disadvantage in the short term because profits are deferred and are by nature not as liquid as straight cash immediately

When I decided that I'd like to get into other parts of the real estate world, it just seemed like a natural path to get my CCB license.

I think my wife and I are following what feels natural but I want to be sure we are executing correctly so we don't end up having to have work done twice or create issues.

The property managers we’ve worked with provided value at all stages of the investment life cycle which we logically subdivide into four phases: Market ResearchProperty EvaluationRehabProperty ManagementMarket ResearchThe knowledge you gain from seminars, books, podcasts and similar channels is by nature, general information.

As an example with I was working pre-foreclosures in Missouri, my message was very personal in nature, with a picture of my family.

The law of large numbers is to low to make some assessments, the interest rate risk is minimal if not non-existent due to the short term nature of their loans.

Their procedures are so bad I've had it with them & am ready to put a complaint to the State Dept. and all relevant departments.

I’m new to this and want to focus on the natural pitfalls of property management so I can grow processes to help the people and thus business succeed.