Both myself and one of the other principals in Castle Rock each had over 20 years working as executives in financial institutions.

I had the contacts within the banks and hedge funds from spending 20 years in banking as an executive and I'm an expert in lending and loan collection, but I had little money to fund the operation and I didn't have investor contacts.

On the bookkeeping front, I have written custom web software for the tenant ledgers, and have pushed that task down to the onsite staff.

In the remaining tenant can carry the obligations on their own, we would typically execute an amendment to the lease to remove the departing individual, and leave the existing security deposit in-place {it is up to them to sort out whether one reimburses the other for a portion of the security deposit}.

I second Sepehr's thoughts wholeheartedly.At the very least, before you send out offering documents that allow a person to invest in what you are doing, you should have them fill out your investor questionnaire.I send out Executive Summaries that have alot of information in them to people that I meet and ask for information on what deals were are doing, but once my PPM goes out, I number and document everything.For those entertaining advertising their Reg.

Before we bought the first property we assembled a professional support staff, banker, accountant, real estate agent, insurance dude, attorney that have supported us every step of the way.Lastly, I am a retired nursing home administrator.

If you do everything right (due diligence, project analysis, execution, etc) you'll succeed.

Think of it as a very brief & clear map of going from point A to point B supported by facts & evidence.The Executive Summary answers these key questions:What is the opportunity & risk for the investor?

This can be good for renting executive properties for short-term transferees, too. 53.Place ads on boards at Nursing & Retirement Homes: Frequently residents need to sell a house. 54.Consider placing Door Hangers on target properties: You can also use pre-printed post-it notes to leave messages at target properties.

Started doing executive suites and was wondering if anybody had a generic lease agreement they could send my way.