I find that when people know that their partner has a face, they tend to be more accountable because any recourse event would feel more personal.

Many assume umbrella policies cover any major loss or claim, but umbrellas coverage is surplus general liability coverage meaning the primary coverage must be exhausted and generally only applies to substantial personal injury claims if applicable. 10.

We started by automating our KPIs, especially tasks like data entry, since those were repetitive and time-consuming.

In the context of an LLC, you personally are the "parent" owner as LLCs are essentially pass thrus in terms of taxes.

Personally, when I'm investing, I'm always thinking about return on hassle as a nonfinancial metric. here's how I would think about it :1.

If I do accept TRA, some of the personal info requested, I do not feel comfortable submitting through the tenant.

They want contemporaneous records—evidence created at the time the work was performed.What real documentation looks like:• Time logs showing date, specific task, and hours (kept weekly, not recreated at tax time)• Receipts for cleaning supplies purchased the same day your log shows cleaning work• Calendar entries blocking time for maintenance with notes on what was done• Text messages or emails showing you personally handled guest issues• Photos documenting before/after repair work with timestampsThe extreme but effective approach?

Im a local Chicago area investor and joined eXp Realty to specialize in representing investor buyers and to do a few personal "commission free" deals per year.

Non-recourse lendershttps://www.biggerpockets.com/member-blogs/2810/50272-list-of-non-recourse-lenders-for-self-directged-ira-and-401kSolo 401khttps://www.biggerpockets.com/member-blogs/2810/21298-solo-401k-advantagesSdira self directed ira https://www.biggerpockets.com/member-blogs/2810/blog_posts/28450-real-estate-iraProhibited Transactionshttps://www.biggerpockets.com/member-blogs/2810/44738-prohibited-transactions-for-a-self-directed-solo-401k-or-checkbook-iraDisqualified Personhttps://www.biggerpockets.com/member-blogs/2810/47960-disqualified-person-in-a-self-directed-ira-or-401k

@Lars Hartvig Kristiansen - great question and congrats on getting theming going - I've found that when building a team starting first with making sure your values are aligned and you can trust the person is paramount in importance