We do not. 90 days before lease ends, we look at current rents in the area and adjust accordingly and send a letter saying what our new annual lease will be if they want to renew.

There have definitely been headaches/low points but they are overshadowed by the many benefits.

Keep in mind that there are a ton of of threads here to search through with pages of discussion on entity structure.One thing that has been discussed in those threads is the possibility that by transferring your property with a residential loan in your personal name into the LLC you have "pierced the corporate veil" negating any benefit of the LLC.

Adjustable rate, wide terms, call features, they can stop the line of credit, just not a good way to go for any long term need. :)

I am a friendly landlord in their eyes.Here is an added benefit for me that you, Jon, remined me of; collecting multiple payments during the month allows me to be alerted of a problem sooner.

The goal is profit without stress and anger.If you want the person out sooner than 60 days, offer a cash benefit ... such as the return of the deposit.

This means the borrower may fail to meet loan requirements and be required to pay additional amounts, but the seller simply receives less loan proceeds but at the agreed price as adjusted.

From there you can adjust the price and buy it.

The market was shifting dramatically and I had to adjust to support my daughter.

And, it will really teach you a lot about people and life in general.Our government employees in Washington D.C. would benefit greatly if they left the marble hallways and managed a number of residential properties.