From Airbnb guest to Property Management Opportunity

[Asher Carr]

Hey everyone,

The story for this post is a little craxy but heres the gist of it:

I rented out a Airbnb in late June at this large home in South Jersey. It is a nice home but had many maintainence isues with it including flooding in the basement, sulfur smell in the water, backyward not trimmed and some other things. I messaged the owner (who is from Australia) and wrote a bad review on it. But I saw opportunity in it as an investment property and she was interested in using the home a a long-term rental, not Airbnb.

Fast forward to a week ago, the owner reached out to me after very spotty communication through emails and we finally met to talk about details of the rental idea. Because of my and another Airbnb review, she is back for the month to fix the issues around the house. I offered to watch over the property while she is away in Aussie and make sure the tenant is all good, contingent on bringing a tenant in.

So, I have a tenant and they are excited to move in soon. Im meeting with the owner tonight to finalize our deal. What type of paperwork should I bring to the owner to clear out the terms and such? Im a rental property investor and I know PM is different so I would think the paperwork for that would be different. Thanks in advance.