Would anyone have an advise regarding renting a home to traveling nurses? I have a 3 bedroom home and am looking to move in with my partner early 2024. I do not want to sell my home as I have children and was very close to being homeless with them when I first divorced my ex-husband. I do not want to be in that situation again.
My home is located near the hospital and I like the idea of short term leases should I need to move back in. The home would be furnished and has a fenced in yard for potential pets.
I would love some advise regarding: determining a fair/affordable rent amount for potentially 3 tenants, creating a lease, insurance changes that are recommended, should I create an LLC or something similar, do I need a lawyer and/or accountant to assist with managing the property and doing my taxes, expected out of pocket expenses that I may need to plan for before receiving payment from tenants, and anything else I haven't even thought of yet!
Thank you in advance for any assistance you can provide. I am very excited to start this new adventure and will potentially have a second property to rent the same way as my partner and I would like to purchase a larger home and may rent his in the future. I want to provide financial stability for myself and my partner and our children and I want to make sure me and mine are protected (financial abuse occurred during my marriage and has made me conscious of the need to protect myself).
