Tenants must know and follow these rules for property maintenance and repairs to avoid legal or financial issues.Best Practices for Landlords:Define Maintenance Responsibilities: In the lease agreement, it's important to clearly outline authorized maintenance tasks for tenants, detailing responsibilities to minimize disputes and foster a transparent landlord-tenant relationship.Provide Training: Landlords can offer training to improve property maintenance and foster a positive relationship with tenants, empowering them to take better care of the rental property.Regular Inspections: Schedule routine property inspections to proactively identify and address maintenance needs.

And to make matters worse neither Buildium nor the financial institution even check the name or the signer on these transactions.  

The downside is losing a valuable asset that generates rental income and potential future appreciation.Exploring Other Financial Options: You might explore refinancing options or other financial instruments that could allow you to access the equity in your property without selling it.

Also, depending on your financials, your income goals, etc. you may need to go out for hard money to make this deal happen.

I knew who they were referring to and like you mention, things are apples and oranges as they also ran an operating business doing something else within the fund which probably was a cause for some of the losses and the assets they invested in were under $50k properties in high crime areas. 

Everyone is focused on Assets. 

Hi there, not sure if this is the right forum, but I'm interested in starting a real state service business on the side (I have a full time job and rental properties), and recently came across a carpet/ flooring cleaning company in Austin TX that is in the market for sale, the owner started this business a few months ago and ran that for 3-4 months, the demand was solid for the start (revenue around $20k/month with one truck/van), he wanted to expand but got into family emergency issues and now he's selling the business, there are no financial statements as he says he's basically selling the assets (van, machines etc.).

Those in the asset protection or tax field, what are your thoughts?!

These services include property marketing, tenant screening, rent collection, maintenance coordination, financial reporting, and legal compliance.Services Offered by Real Property ManagementReal Property Management offers a full suite of services to landlords and property owners.

Profits of the LLC are subject to self-employment taxes.This does not change the fact that the LLC generally provides a liability shield, protecting your personal assets.