All Forum Posts by: Beau Ordemann

 Thank you @Thomas Carroll!  I will reach out to them! 

 Thanks Joe.  Will reach out separately!

Hi BP forum.  One of our property managers that manages 13 single family properties for us is pivoting to multifamily, so we are looking for a replacement.   One thing we really liked about this PM was that they did 2 proactive inspections per year, handled Water Bill payment, MDE annual renewals, and rental license renewals, which saved us a lot of time.    We were paying 8%.   We also work with a few others, but would love any recommendations this group may have for strong PM's!  Thank you for any suggestions!

Hey BP,

Im looking for any examples of short term rental agreements so we can expand beyond Vrbo and Airbnb into direct bookings. Our vacation rental is in sunset island, ocean city.

Any help is much appreciated!

@Jason Charlton this is so helpful.  Thank you!

@Jason Charlton thank you.  Glad to see a fellow MD investor!

Would love to see any examples of cost based penalties in your house rules.  We are using the $59 damage protection plan - which is recommended by the vrbo platform (guest pays) covering $1,500, but would love any advice on whether that is sufficient protection.    Curious if the Damage Deposit option is recommended (which you set the coverage amount for any damage to the property).  

@Chris Mury thanks a lot!  Good to understand the distinction between VRBO and Direct bookings as it pertains to rental agreements.   Bethany is awesome.  We'll check with our realtor too per your suggestion.

@Chris Mury sure thing! its in Ocean City MD.  We will be doing weekly rentals (sat-sat) in the peak summer season and likely more flexible in the offseason. We are currently up on VRBO (not quite on airbnb yet) and will also do some direct bookings.  Just want to ensure we are covered and know that vrbo allows you to attach your rental agreement.   It is a townhouse that is part of a broader private community which is also governed by certain rules. 

@Caleb Brown yes the vacation rental is in Ocean City MD and we are in Baltimore.  2.5 hours (3.5 in traffic), so effectively we won't be able to be there in person.

Hi BP!  I am new to the vacation rental space and I'm looking for a good rental agreement. I've found some templates online from places like Law Depot but hoping to get a strong rental or lodging agreement template from hosts with experience to account for any nightmare guests.