Once you start managing more residents, but aren't quite ready to jump into a full on property management company, what do you suggest for a great maintenance request system?  

(Another reason I am installing on-demand systems.)Also make sure the alarm is annoying as the constant rush of water didn't seem to concern them or your interests.these are the guys we buy from for audible alarms etchttp://www.signalguys.com/p/MT4-115-S.html

Even with the two markets here in NC that are an hour apart, I don't want to have to drive back and forth a lot to different attorneys. 

From choosing a market/area to financing strategy to partnerships, landlording and taxes, its a lot to take in!

I was able to package those skills to other investors and worked my way into equity deals by simply providing value that they needed - development of their business systems, internet marketing expertise, knowledgeable networks and due diligence ability (analysis and research).So, it's not a question of age - it wasn't for me either.

But it is what it is, and now it's time to do some things like an umbrella policy, better accounting system,  also looking at a series LLC and then a management LLC (wow, so much good information I have found here on those topics.

Chicago is an amazing city but their political system is fully twisted.

I think the dreamer / hobby-business aspect helps: Most people pick RS for certain reasons & entry/exit can be (rather) fluid-- it's not like most of us picked this major in college, and feel trapped in a system as a professional  we didn't understand as a teen-ager.

I know the right thing to do is to upgrade the system, but I'm predicting that this could be one of a number of points to be raised during negotiating, and if I say "I'm going to have to install hard-wired smoke detectors with interconnection between units" I want to make sure I'm right.

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