They never reported a problem with the drain, and now you have a sink base cabinet delaminating, mold, and more repair bills.Yes, some of this you can bill the tenant for, and maybe even collect it, eventually.

How much do you need to collect to make it a good deal for all?

As the result of the sub-prime fiasco, lending practices have tightened.

Well our legal system is setup on case law and statutes, and at least I know for Texas, that the case law says that I don't have to put any earnest money to make the contract valid.Should I still practice Covering Your Assets (CYA) even if the law is behind me?

It means that the dust is minimized and cleaned up when they're finished.Even if you're never going to do any work yourself (which I don't recommend) you should be knowledgeable of trade terms, procedures and practices.

If so, then you can certainly sue him for the remainder as well as the appliances.Now, in many locations you cannot collect double rent.

BP collectively could be that mentor.John Corey

Typically what you see is:5-10% of gross rents collected (some set minimums in addition)50-100% of 1st month's rent for getting a vacant unit rented plus advertising (high in my book)50% of 1 months rent for lease renewal (complete rip off)Some will take a portion of late fees (bad)Many will charge you hundreds of dollars to handle evictions (even though they do nothing but call the lawyer who handles it all)Typically, they also charge $25+ per hour for handyman (who they likely pay WAY LESS)The fees are never-ending.

Even if there was a formal assumption (not likely to get approved) you would still retain liability behind the LLC for the loan.Depending on the state practices you can use a RE attorney or just a title company to effect the change.

Note that not all lawyers will practice the type of law that could lead to a solid flow of business.If the rewards exceed the costs then it is work marketing to them.