Essentially, it was one account with the bank tracking individual tenant details on your behalf.That said, it’s critical to ensure your financial records remain accurate by reconciling the account on a monthly basis.

However, its downfall (and what makes it so easy) is that it is a single-entry system.This means there are no checks and balances to ensure all transactions are entered correctly.

Every adult should be fully screened to ensure you aren't renting to a violent criminal, drug dealer, etc.

Properly collecting these fees is a key part of financial success in real estate investment.And hey, why stop there?

I’m looking to ensure I structure things correctly and attract the right partners.

In addition to property sourcing, I require an agent who can negotiate effectively on my behalf, ensuring I secure the best possible deals.If you have experience in identifying distressed properties or working with real estate investors in Florida, I would love to connect.

Just ensure the agreement is clear and formalized.Pooling reserves across properties might make sense if you’re confident in your cash flow and other contingencies.

When managing multiple applications, it’s crucial to ensure your process is both fair and compliant with local, state, and federal housing laws, including the Fair Housing Act.A best practice to avoid any perception of bias or confusion is to process and work on one application at a time.

If you ever have any questions regarding this or in general feel free to reach out I enjoy helping and ensuring other BP members avoid lost time and money. 

The fact of the matter is is if you are agreeing that you chose to cancel our contract together that ensures that we help you out....then what are you here complaining about?