should be in the leasing documents-If he did one- I know of a landlord who bought a triplex and the condition of the units was not noted by the original landlord when the buyer got the leasing documents-- tenants moved out , lots of damage, he could prove nothing-- could do nothing and could not charge for damage because they said it was that way when they moved in--judge in small claims agreed Because he had no proof of condition when they rented the unit--and he practically had to remodel the unit-- also-- i agree with Michelle-about a new lease

I am meeting with several investors tomorrow at an informal meetup and will present these options.Are different rules applied between each state or are these set standards of practice nationwide?

Some questionable business and warranty practices there...take a look at the warranty, its complete crap. 2nd, builders direct had good prices, but by the time it was shipped, it didnt make sense.

Go look it up on the IRS website and then let us know.Can't speak to the PM's practice of having their clients sign that form, except that they are trying to make their life easier by avoiding having to do the withholding of taxes - that can be a PITA to do since the withheld funds have to be sent to the IRS.

Andy, I agree with you, my statement on "right to work" wasn't meant as to employee matters which has noting to do with this, but rather to limiting one's ability to work, act in common practices to earn a living, the tools of the trade aspect which does impact non-compete agreements.

Of course if all landlords practiced due diligence there probably would not be tenant friendly systems.

The old ways were that someone that practiced one style was all you needed.

Knowing both the general RE principles and practices as well as the local market are very valuable business skills.

This is exactly the sort of predatory practice that gives investors a bad name and causes new laws to get put in place.

@Sam LeonHonestly out here what the bank is doing while seemly annoying and bad business practices is annoying.