Suppose you are going to court to evict a non-paying tenant. This should be a no brainer. But in this case, the tenant had a countersuit, claiming the house needs repairs. Watch out!
Turnkey, that vacancy period when a rental property is being renovated or prepped for marketing, creates a potentially perilous situation for property managers. Indeed, depending on the terms of the management agreement, it could be a no-man's-land, rife with proverbial, booby-trapped landmines that could indiscriminately explode without notice.