It gives you something to fall back on if the real estate market hits a major dry spell.

Even the best ones will think they can move out in the morning and the new tenant in the afternoon and landlords will accept this.You can spell it out in the lease, you can give them a check list, offer to help pay for the maid service in advance, but nothing will deter the tenant from wanting to insist that they have cleaned the apartment or house themselves.

These are only identification rules that spell out how many properties you are limited to when identifying.

[/list:u][list]If we went to an attorney to create the LLC, would we then spell out who is responsible for what and how we would split the potential profits?

To get you going, it would simply take too long to spell out the ins and outs of commercial real estate in one post.

spell check it.it reads a little gimicy (is that a word?

That means perfect grammar, spelling, syntax and form.

You could become liable to third parties due to the actions of a tenant you're NEVER GOING TO SEE AGAIN.BTW, all of this should be spelled out in your lease.

Jimbo,Are you into it enough to spell out the advantages?

This creates a win-win for everyone.A fee on additional services should be clearly spelled out in the owner/PM contract.