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Updated about 5 years ago,
Month by month rent
Merry Christmas to all BP!
I got headache recently. I bought my first single family (3b2b)in May this year in Nashville,TN and live here. I did Airbnb immediately after I bought it. My problem is I didn't check the law and didn't get the permit before I ran Airbnb. So I got letter from Nashville government to ask me to stop. Now I have to wait for a year to do airbnb again.Even though I definitely will report all the income.
Big lesson from that.
Now what I do is renting out two rooms in my house, well it is my first time to be landlord, I really prefer to do month by month rent or two or three month lease...I don't mind to share the house with other people, but I do worry if I could get well with other people for long term. So I just set up short term first. For this kind of short term lease, I don't know if I still need do screen tenants or just ask more deposit? I did talk to some applications, they don't like to be screened. But without screen, I do concern about my safety.
Does anyone has this kind of experience? and how do you do? Thanks for any advice in advance!