Examples of expenses include: liability insurance, property closing costs, new work phone line, architectural blueprint design, land survey, contractor licensing fees, gas, etc.I have my general contractors license for the first time this year.

I am wondering though how much solid standing we have here since there is no documentation of the move in condition other than the lease specifying that property was as-is and that tenant was obligated to turn in Inventory and Condition Form within 45 days but failed to do so and therefore property is deemed free of damages at time of move-in.Does the previous PM/Broker have any liability for not keeping property condition records?

What's your opinion on Illinois's unfunded liabilities and the potential for further property tax increases?

The blog post motivated me to ensure I wasn't exposed to any liability with my personal capital. 

@Peter LysiakYou may create a single member LLC owned by your multi member LLC.You can have it manager managed and decide who will be the manager.Not only would that increase your liability protection from your other assets but also will help you simplify the day to day signing activity.

I am looking into getting liability insurance, as a property manager in Illinois that I am looking to work with requires it from owners.

Cash may be a liability.

The benefits to me is that I can learn costs directly, he pulls permits, takes the workers comp and liability risk mostly.

Norris would NOT approve of this because of commercial liabilities, I can certainly ask Mr.

The only thing I can imagine rescreening for would be a criminal background check for your liability reasons.If you let them stay on and they turn out to be bad tenants you will likely have to evict them.