If you are not an experienced accredited investor, take the time to understand the sponsor's strategy, their business philosophy, their track record, their investment model, and their approach to communicating/reporting to you as an investor, before you invest.

@Joe Linares - Evolve Vacation Rentals charges a 10% fee for marketing, booking and customer communications.

PML's typically are savvy investors, they will not hand over money to someone with 0 track record, unless you have a good relationship with them OR have strong word from someone they respect.Other than building a genuine relationship with potential PML's, if you find an amazing deal and can communicate a good level of knowledge, they may lend to you.

And another of the things you want to learn.So say you want to learn flipping and on your great list is yard work, planting, trimming, and on your pretty good list is communication and friendly.Offer a flipper to do some of the landscaping or doing some cold calls or hand out fliers in a neighborhood to be able to follow him through a flip process.

When working with the right CPA, reviewing tax returns is less about finding errors and more about (1) completeness - ensuring that all items have been communicated to the preparer and (2) better understanding the tax implications of transactions.

The activities of wife with respect to the rental properties included, among other things, cleaning common areas, collecting coins from washing machines, performing repairs at the properties, communicating with tenants, collecting and depositing rent, maintaining insurance policies, purchasing materials for the properties, as needed, paying bills and keeping books and records for tax accounting purposes.

@Michael Bettencourt Golf View Management, Richard Stewart is efficient and a good communicator.

If there was no communication (written letter, email or text messages) from your tenant ending the lease, the 30 days should start when you were first notified of the tenant moving (on the 5th?).

I feel like a lot of the struggles with renters and property managers stem from lack of good communication from the get-go.

Like what David Greene said, I'm going to pay a bonus if job is completed early, and impose penalties if job is not completed by deadlineI personally don't use this idea anymore my contactors, but we have good communications and have established great rapport over the years.