Renting property, whether a residential or commercial rental, is generally considered to be a high liability business. As a result, reducing the possibility that creditors (which could include an aggrieved tenant) can reach your other assets is critical. That is done by separating each rental property from your other assets - including from any other rental property.

One way to separate...

Real estate agents in Arizona...

In part one of this series, I revealed that dual agency results in a real estate broker getting paid double for being disloyal.  Dual agency occurs when "the agent acts for both of the principals at the same time in the same transaction."  In other words, it occurs when your real estate representative also represents the other side.  So if you are the buyer, the agent also represents the seller; if you are the seller, the agent also represents the buyer.

The duty an agent...

How would you like it if you were in a lawsuit, and your attorney at trial, after arguing on your behalf, got up and moved over to the other side's table, and then started arguing the case against you?   You wouldn't.  Would you choose that over representation of you alone?  Of course not.  But in your last real estate transaction, that (its called dual agency) may be exactly what occurred.  But unlike the example above, you would never realize it happened!

Agency...