Another way to approach this is to prepare a written early termination agreement to be signed by the tenant, wherein the tenant agree to vacate by a date certain and to comply other terms (e.g. paying early termination fee or an agreed upon amount if there is no early termination fee provided for in the lease).

However, I’m still mindful that this is our first deal, and I want to be prepared for potential surprises.Here’s what we plan to check during the walk-through:- Overall condition of the HVAC system (I’ll test it myself with HVAC multimeter)- Electrical issues (I'll assess as well)- Plumbing, which my brother, a journeyman plumber, can help with if needed- Any significant structural concerns, mold, foundation issues, etc.

You will need to schedule annual meetings, prepare minutes and maintain good records.

Unfortunately most investors focus their time and resources on preparing for the liability event rather than proactively operating their businesses in a manner that prevents the liability event from occurring.

Be prepared for a bunch of direct messages into your inbox.

For years i have had a portfolio policy with Nationwide for my commercial plazas but they are not renewing me this year as they now require all buildings with a food use to be fully sprinklered (which i do not have).

Be prepared to learn and adapt as you go!

Similar to most knowing interest rates were getting cut, most companies knew this was coming and prepared for it.

The possibilities are endless… Anything from guests leaving a bunch of lights on, to leaving the oven on, to leaving food out on the counter to rot and attract pests…Just wondering how people deal with this situation where the guests check out and the cleaners can’t go over there for a couple of days?

Just some food for thought.