As a property manager, it's crucial to understand the nuances of these fraudulent practices, recognize the signs, and implement strategies to mitigate risks effectively.Understanding Rental Application FraudRental application fraud occurs when a prospective tenant provides false information on their rental application in an attempt to secure a lease.

Quote from @Ashish Acharya: @Andrew Katz Since you're likely using the cash basis of accounting, income is recognized when you actually receive it.

Is it before you interview them?

I'm looking at Duluth MN because of a video posted on BP, but I recognize this is an opportunity most would dream of, because it's one I've often dreamed ofWell now it's in my lap, and the pressure is on.Hit me with your scenarios, what would you buy?

It is how it is recognized, taxed and falls heavy on the VOE. 

I recognize there are other ways I could invest this cash (including another property) but I am being mindful of levering myself out too much in the current environment where job losses are more common in my industry (tech).

I'm an experienced project manager with hundreds of cradle-to-grave efforts under my belt, including building project scopes and budgets, evaluating contract proposals, and managing construction to maintain the delivery of high quality products on-time and in budget.Penny is a licensed clinical social worker (LCSW), serving the community mental health needs of parents, children and families.We both recognize we have an immense opportunity to serve our community and want to capitalize on the blessings we have been provided so that we can continue serving our neighbors.My wife, Penny, and I are looking to transition into commercial multi-family real estate in 2025.

The value add was recognizing what the current regulations could allow the land to be used for (basically recognizing current land use did not optimize the value).Good luck

Are there any guidelines or best practices (ie: rewiring such a property would be more valuable than updating insulation).Is it something you need to ask the insurance company about to get, or is all this determined in the initial interview with the potential insurer?

The key is to interview your PM and make sure whoever your direct PM will be is on-point.