Keep your rehab scope tight and comp-driven so you can finish fast, avoid scope creep, and protect carrying costs.

Regular inspections and scheduled maintenance (like cleaning gutters, checking smoke detectors, and servicing HVAC) protect your investment.Treating it like a hobby, not a businessTrack income, expenses, and receipts properly.

-Protect your balance sheet.

With economic and political storm clouds seemingly brewing on every horizon, I find myself starting to think a little more defensively.How do I protect what I’ve built?

Missouri and Kansas also have landlord-friendly laws, with few rent control regulations or tenant protections relative to coastal cities.

This protects you and ensures you’re not unknowingly allowing someone with a problematic history into the property.At minimum, have her fill out an application and be approved as an authorized occupant.2.

I’d love to hear how other landlords handle this scenario to stay fair but also protect their property.Thanks in advance!

We have originated many in the past, and if you use conservative underwriting characteristics, even if they default, you are still protected

I’m aware this creates a conflict of interest, even if disclosed, and I’m trying to decide whether to:Find a separate buyer’s agent to represent only my interests, orRepresent myself in the transaction and deal directly with the listing side.Both properties are listed at market price and I’ve already toured them, so the question comes down to negotiation strategy and legal protection.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.