Not rewriting operating agreements"   You will have to amend the operating agreement at minimum since members have changed, but why would you want to rely on the procedures, investor related terms etc. of the predecessor operating agreement and not implement the procedures that make most sense for the way you operate your business?"

The article was written and approved by the BiggerPockets team as a playbook of actionable, free advice to help agents and investors implement these strategies on their own.

Example:  Which part is preventing you from finding the tenant? 

How do you build systems to prevent those costs from becoming repeat problems?

Implement a preventive maintenance schedule to catch issues early.

You’ll have to ask around.FWIW, on 1-4 unit properties (only), a lender can’t prevent you from taking out a second position loan after the loan is made.

They literally spoon feed you all you need to know and all you have to do is figure out a way how to implement it.

Some owners also keep a short list of approved contractors so the PM can still run point, but you know who’s touching your property.Every owner/PM relationship looks a little different, but clear ground rules usually prevent the “micro-managing” feeling on both sides.

The city is in the process of launching the online registration system for these new rules, which were implemented to address concerns about safety and neighborhood impact.

Implement preventative maintenance?