. - Clearly define payment procedures - As some of the folks before me have said, some projects could be 1/3 at the start, 1/3 halfway through and 1/3 at the end or you could pay the entire project at the end.

So as a result of my “asset protection” procedures, the end result was that instead of being sued personally and having to spend the time, money and emotional stress of both defending my self AND suing the insurance companies and condo association, the plaintiffs accepted an ASSIGNMENT of proceeds and signed a form releasing me and my LLC from liability in exchange for the right to go after the insurance companies themselves. 

Appreciates their systems, procedures, tools, and level of separation they provide from their tenants.  

Until you begin onboarding new clients, I would focus on creating a welcome guide to outline your services, procedures and policies.

If I was heavy into either multi or SFH I would work on getting my processes and procedures and team down.  

The forms, terminology and procedures are different enough from my home state of Massachusetts that I needed some guidance - and I needed it fast, as there was another offer on the table. 

Regulatory compliance: When is the last time you have had proper training in your state's tenant/landlord laws and procedures?

---So, ask about their standard operating procedures and make sure your management contract has an easy termination clause.What are your options if you experience one of the above?

If there is no answer after this, it may be worth contacting a lawyer or real estate professional to find out about the legal procedures for raising rent in your area.

A large percentage of them lose tons of money because they don't have procedures in place, they get tired of maintaining the home, they let in bad tenants with sob stories, and they can't keep up on market rates.