We have a great law firm who specializes in this here in Florida, and they even produced a series of legal training videos for landlords and PMs (see evicttv.com). 

Set firm requirements and expectations for all your vacant units moving forward, so that any future tenants can closely resemble the current tenant class.Location also matters.

We’ve handled CapEx projects for other multifamily firms before, but it’s exciting to finally step into ownership.

When real estate investors come to our bookkeeping firm from doing their own books or working with a non-REI bookkeeper, the taxes and insurance paid on their behalf by their lenders (through their escrow) for each property are almost always missed.We recently caught ~$50k worth of these expenses completely unaccounted for with one of our new clients when diagnosing their existing set of books from their old bookkeeper.

The buyer would avoid larger fees from their accounting firm to pay for all the detailed reports institutional lenders require.Here’s how the deal played out for us.

Were you mainly reaching out to larger brokerages (like RE/MAX), or did you find more success with smaller local firms?

Do you stick to a firm process (late fees, notice to cure, etc.), or do you take it case by case depending on the tenant’s situation?

@Cara Sherman, I’m really sorry you had to go through that, especially with a huge bill and trying to get a last-minute second opinion.And yes, like others mentioned above, it can be tough to onboard with a firm right around deadlines.

However I agree with the Motion for summary judgment surrounding the QUIET TITLE action affirmed its likely NOT a collectable debt and YES we are getting a more firm legal opinion on that... 

If it is a reputable firm with a website and great Google reviews, you can do the customary 50% down.