You can set your credit cards to auto-pay each month so you can't forget - but you still need to budget appropriately.

That could be credit cards, auto loans, etc.

Have you noticed the type and age of the autos in the Walmart parking lot?

I am just starting my first house hack and want to set up the tenant with auto-pay.

Another issue, auto policies should have a business exposure, if you are conducting business and have an accident you may not be covered.Errors and Omissions coverage is a separate policy and usually covers errors, omission, implied warranties and negligence on a deal by deal basis, it's cheap if you can get it.No insurance covers intentional illegal acts, so if you choose to do a shady deal that violates law, it could be on you.An LLC offers some liability protection for those who can operate with an astute business knowledge, but there are so many ways to foul it up I'd say be insured!

FYI - They will no be able to handle your primary home or auto, just the rental properties.

It amazes me how many home are in forclosure in this area, the auto industry has been hit hard and unfortunatly all our eggs have been in one basket, but I BELIEVE it is going to turn around and when it does I want to be established with at least a few choice properties in my back pocket so I can partake in the upswing.

.- Jon, the thought of a "new toy" had crossed my mind.... the auto industry needs us, haha =)

I'd assume you have to keep your grounds better and have more on-site amenities, but, at the same time, since seniors are less likely to let auto parts build up outside, or throw parties, they may actually require less direct management...Just looking for feedback.Thanks!

In that sense, some "typical" routines deployed by Mortgage Servicers like mail campaigns and auto-dialer phone calls are not enough to get a borrower to pick their head up.