A good PM should protect your interests and anticipate potential risks like this.Let me know how it all shakes out!

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

Hi Ricky,Being in operation for 10 years with mid seven figures of assets and NNN leases,it would be wise to speak with your tax advisor regarding if the tax set up should be an LLC, an S-Corp  or a C-Corp.It would also be wise to speak with an asset protection attorney to find out if this is something that might be beneficial to you in that area.

what insurance protection does avantstay provide?

Additionally, there typically are additional state protections (outside of the agreement) based on where the fund is located.

Also, take time to understand Arizona landlord-tenant laws to stay compliant and protect your investment.

It can be done ethically, but you need safeguards to confirm mortgage & possibly property tax payments made on-time, as well as insurance with you protected.- Also, you need a legal way to take back the deed if buyer defaults!

As for the property structure, using an LLC offers liability protection, while a land trust provides privacy.

We don't have them recorded, just signed as another layer of protection. 

By recognizing the signs and implementing effective preventative measures, landlords and property managers can protect themselves from potential scams.