I only ask because I've seen many investors also get burnt out, switch careers and even liquidate their entire portfolios because of it.

Almost all reputable property management firms have strong indemnification and hold harmless clauses as part of their management agreement.

I am in search of a new property management company for the Jefferson/Shelby County, AL area.

Hi Mya, Welcome to the community- There are a lot of good professionals and resources here at BP for you to learn to build your portfolio. 

Property management contractor is about 15% higher vs a contractor I found.How does one go about refusing to use their contractor and payment.

We believe that the collective knowledge and insights from this community can be invaluable in helping us navigate the complexities and opportunities in this field.We are particularly interested in:Understanding the key challenges and best practices in new construction projectsLearning about effective project management strategiesInsights on securing financing and managing budgetsTips on choosing the right locations and marketsExperiences with regulatory and zoning issuesNetworking with potential collaborators, contractors, and service providersIf you have experience in new construction or are currently involved in such projects, we would love to hear from you.

Are you implying that I should maintain two separate bank accounts - one for holding security deposit and the other for rental management expenses?

The people with no ties to BP management who think they decide what is discussed in a particular thread and admonish anyone who doesn’t comply8.

Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.

Hello Hunt Van Winkle,Banks typically lend with a maximum LTV ratio of 75% for several reasons related to risk management, regulatory requirements, and financial stability.