Make sure you visit the job site at least a couple times a day, and make sure you "drop in" by surprise.

Thank you Mark,Are rents able to be adjusted to cover the cash flow of a mortgage, insurance, and other fee'sWhen i was looking at some four plexes the rents seemed to low to cover the expenses, but that was a year ago, I assume maybe the values have dropped.

I find that property managers do not go over your rental the way an owner does--under the kitchen sink is one of the first places we look--invariably there is water damage due to unreported leaks.

I have got the same issues and looking for help, marketing efforts are returning unsuccessful, or success rate is quite low, Do you think its due to a drop in property market?

Unfortunately, banks are illiquid on such a large scale in today's enviroment, that the case by case basis that is short sales, will not even be a drop in the proverbial bucket.

We would like to put the properties into each of their own LLC and drop the umbrella policy, but the lender's won't allow us to do so.So, what are your opinions on how much liability coverage is appropriate?

It's very frustrating, especially since values are dropping as each day goes by.I guess it just comes with the territory, but it sure is frustrating.Steph

Deal with the price drop and take the hit on your credit and move on.

After the third quarter of 1993 no new thrifts were taken into conservatorship, and, with the new funding that allowed the agency to resolve institutions already in conservatorship, the number of RTC conservatorships dropped from 68 at year-end 1993 to just 2 a year later.

Good for them...one more leverage item on the lender...and I subsequently drop my offer even lower.