The best practice with multiple properties is to attempt to compartmentalize each property into a seperate LLC or limited liability vehicle.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

I think it's best practice to notify the insurance company that I have moved out and would like to have a revised policy.

On a similar topic, what best practices do you put in place when repair costs run high?

I don't know how thought one would play out in practice.

I'm new to the commercial tenant space and was just looking for any insight and best practices to make the transition as smooth as possible.

Is there a 'generally understood' practice in this regard? 

No to anything related to good business practice.

Practice with a partner.

A look into Austin MSA related to real estate before & after the COVID-19 pandemic, and into the future.I wrote a similar paper almost a year ago today, good cross reference for this read.Leading up to and continuing through the “Stay at Home” order, which went into effect Tuesday, March 24th — the sellers market went from red hot to, “what do we do next.”Investment buyers across the board repositioned themselves — with iBuyers like Zillow and OpenDoor stopping purchasing completely, large funds lowered buy price requirements by up to 10%, and local investors were waiting for the dust to settle for the most part.A 10% drop in buy price standards is substantial and a direct reflection of how low demand was in mid-March through April.Speaking from a realtors perspective, throughout all of this and despite realtors being deemed essential, the COVID-19 etiquette/standards took some time to develop.Every governing body related to real estate was looking into and implementing best standards and practices for real estate related job functions.As a result, listing activity was down immediately — April saw a drop of 21.6% in number of sales year-over-year, while May saw the biggest dip in year-over-year sales at 29.2%.