The one aspect I'd say where planning can really provide benefit however is with tax planning.  

We're based in Tampa and, in addition to personally investing, I own a mortgage company that provides financing for tons of investors.

I may have to Teak my strategy in light of the excellent advice you provide here, Henry.  

Crossing the lines may not provide proper liability protection.Personally, I just kept my SF rentals in my name and got excellent insurance coverage, $500K per property plus a $2M umbrella.

These platforms can streamline the rental payment process, providing convenience for both landlords and tenants.For you as a landlord, such an app could offer features like automated payments, tracking rent history, and direct bank transfers.

Hi Andrae, the simplest and most risk-averse way to get started investing outside of your local area would be to contact TurnKey providers in the markets you are most interested.

The management company just didn't do a good job of providing details on bills and never checked on the units.

I personally benefited from this when I first started and now provide my signature to partnerships I am not as actively involved with.

He is currently providing direct attention to our issue of finding and closing deals.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.