As a professional property manager, it’s unsettling to think how many poorly drafted leases like this are floating around out there.

I wouldn't call it micromanaging but working together as a partner, with numbers out in the open so owners can see how well the property is doing for the month.

I'm moving out of my parents house for the first time soon.

When we are texting through our portal, they do have the option to opt out. 

Assuming it's written in your management agreement somewhere that states the owners are current on all financial responsibilities related to the property, does anyone require them to actually provide a current mortgage statement, HOA payment record, taxes paid, etc..... at least at the time of the original management agreement signing.Recently had a new owner sign the agreement, only to find out after we had secured a new tenant for them, that they were in financial distress to say the least (inquiring about bankruptcy) .

So at an LTV of 75% that is a cash out of 240K. 

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

From online research, I was able to find out that other cities in Ohio tax all your income (w2 & rental income) if you own a property there & some give you a small credit for taxes paid to other cities.My question is, if I buy a property in Cleveland (or a CLE suburb), would my w2 income be taxable in Cleveland (or a CLE suburb)?

I have attempted a couple of times but it never worked out. 

Hey everyone,I’m new to REI and I’m wondering if you guys have any advice to share on coming up with rehab estimates when you’re just starting out, and don’t have a long track record to go off of?