Now, some liabilities are minor (not mowing the lawn if you provide the service) while others are substantial (such as having bedroom without a second method of egress).As Joe indicated, the list is diverse and long, but it boils down to you are obligated to provide a safe abode (clean, healthy, and in good repair) to your tenants and to conduct your business affairs {hopefully} ethically and within the spirit and letter of the law.  

Business conducted varies as to repeat business projected, unique to an industry.Now, if you have a larger company, like a commercial construction company historic income and clients can be valuable as a larger company, like one that specializes in hospital improvements and construction is entirely different than house rehabs.

It's a good pick-me-up when I feel dumb relative to agents in my office who have conducted multiple transactions and have a good rapport and manner on the phone and with their clients.

Just my 2 cents, but I'm not sure going around conducting showings to non-investor buyers will really help you with passive income or investing.

in every market there is always opportunity, just educate yourself to be a shopper and not a buyer (unless opportunity presents).  

Just wanted to poll the audience about something that was brought up in a recent episode of the podcast (ep. 356).The guest mentioned that, as part of his extensive Section 8 application process, he conducts an inspection of the prospective tenant's current residence to get a feel for how they take care of their dwelling.

Lots of paper and an inspection must be conducted.  

As a reminder, I would encourage anyone to conduct adequate due diligence including background checks before entering a JV or sending money to a note investor/JV partner.  

Congratulations & welcome to the world of Self Storage - especially as an Owner/Operator.I'm a little late on the reply but here's my thoughts (please be sure to conduct your own due diligence by looking/asking around, but ithis should give you a good place to start):1)  Sitelink is perhaps the #1 management software, though it tends to be a bit pricey if you have a smaller facility2)  WebSelfStorage is just that "web-based" and gives a discount if you have UHaul rentals at your facility3) Easy Storage Solutions is another good one to check outI hope this helps. 

I'm conducting market research at this time, but will almost certainly be investing outside of California.