Do you increase rents and ask for more deposit money on a yearly basis as well?  

The property consists of ten 1-bedroom, 1-bathroom units, and two 2-bedroom, 1-bathroom units.

Last year I bought a 4 unit, 2 story purpose built apartment.

May, June and July were pretty much the same as in prior years but August is still not fully booked.

I purchased my new build a year ago.

If called due (I’ve done several thousand probate deals and it’s happened exactly once because of my early lack of training 40 years ago) you will run the risk of needing to pay of the old loan by refi or selling.

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.

I've had a property insured with American Modern for a number of years. 

However, we also want to make sure we start off strong with a seasoned PM and then possibly take over in a year (but reviews may not transfer?).  

My insurance costs went up dramatically after year 1 in one of my properties so I asked around to other local RE investors and found this contact. - Chris Kersey