Editing 1course Real Estate (section)

==== Real-Life Example: Effective Property Management ====
Consider David, an investor who successfully manages several Subject-To properties. Here’s how he ensures his properties remain profitable and well-maintained:

* '''Tenant Screening and Rent Collection:''' David uses online systems for tenant applications and rent payments. He conducts thorough screenings to select reliable tenants and ensures timely rent collection.
* '''Regular Maintenance:''' David has a maintenance schedule in place, conducting regular inspections and addressing repairs promptly. He also has a network of trusted contractors for emergency repairs.
* '''Insurance and Risk Management:''' David holds his properties in an LLC for liability protection and has landlord insurance for each property. He also has an umbrella insurance policy for additional coverage.

By implementing these strategies, David maintains high occupancy rates, minimizes maintenance issues, and protects his investments effectively.