That gives a clear consequence to the tenant, and also gives the property owner a clear reason to evict (if necessary).If you're unsure about the legalities or the best approach, consulting with a property management company familiar with local laws or a real estate attorney could be invaluable.

For my small size it seemed unnecessary and I didn't see the benefit in the small companies for a small time guy like myself.What I do is I can collect rent through Venmo (free), I have a tennant application embedded into my website (cognito forms...also free) I screen tennants through mysmartmove.com (Transunion's company gives you credit report, background, criminal, eviction etc. and tennant pays for the screening so also free.) 

Hi Felipe,Title & Escrow typically ranges from 0.75%-1.5% of the price, but I'd recommend getting an estimate from your preferred tile & escrow company.

you should get a RMLO or an underwriter to qualify the borrower. if its owner occupied and in florida you also will need to use a third party servicing company to service the loan which will run you around $450/yr. not an accountant but its my understnding unfortunately the interest income is going to be taxed at ordinary income and the principal will reduce the principal. how you offset the losses talk to your CPA.your best bet honestly is to just sell it and bite the bullet. 

The 3rd party property management company wants this onsite manager to be the employee of my LLC, which I am not sure with.

PPI, the Fed’s preferred measure of inflation, popped up last month, and PCE, CPI and PPI have been resilient to up in the face of the fastest interest rate increases in history and Quantitative Tightening, where the Fed stops buying corporate and government debt to reduce liquidity in the economy and slow financial markets.

Is there anyway to buy land without you being in person besides a real estate attorney or title company?

While I’d prefer a long term renewal, I wondered how you typically determine a month-to-month rate if the tenant decides to go that route? 

We are in the process of building a property management company, does anybody have a simple Property Management Agreement you can share with me? 

Aim for a 3-year penalty; and a stepdown structure is most preferred. 6.