With them having their own, independent insurance policy it ensures* that they are taken care of (and helps them have SOMEONE other than you to call with all those questions).#2 - it draws a line in the sand between the old and the new. 

The big reason is that I treat my tenants professionally without throwing emotion into the mix and ramping them up, I document everything, I know the law, and I have policies and procedures in place to act quickly when trouble arises.Now that I've bragged about it, I'll probably have an eviction soon and ruin my record!

We do have a 25+ policy as well, but we have broken that on occasion due to the quality of the kids and there were no issues.

If you do have multiple options for property managers, definitely ask them about there policies, payment methods, tenant screening techniques, etc.Here's a great post I found too! 

It could depend on your market, your Landlord-Tenant laws, the court system, your policies and procedures, how well you enforce your policies and procedures, how creative you are with your leases, and many other factors.My market works great for one-year leases.

Even Paul Krugman, champion of progressive policy, agrees with that.That's a nice reading list you've got. 

Hey everyone, I'm wondering what your Buy & Hold, BRRRR, and Flipping company policies are.

I have only graduated less than 3yrs ago, so although I don’t have a huge amount of assets, it’s still in the 6 figures.My other question to everyone else is if the LLC is not possible, should I just pursue REI while ensuring that I have excellent insurance coverage + umbrella policy.

Morning Nathan,Congrats on exploring a big jump-it takes courage to buck the news cycle and confidently reach for a bigger future!

Investment Info:Industrial private money loan investment in Newport News.