Happy to share experience along with do's and don'ts to make sure your money is protected.

If you manage homes built before 1978, there's a key regulation to be aware of: the Environmental Protection Agency (EPA) requires property managers and Landlords Nationwide to be certified in lead-based paint handling.

A way to protect against this is to stagger the new leases / rent increases. 5.

If your property is owned by an LLC using it for personal use may negate any liability protection the LLC would have offered. 6.

You'll want to protect yourself from a potential personal injury suit.Lastly, you'll want to get the eviction process started with the courts. 

@Angel Peng you may want to consider registering an LLC to protect yourself from liability.

Be sure to stop by the Welcome Home Milwaukee table this weekend at the RPA- CON for a chance to win a FREE custom pickleball set among other prizes.

 $1800 (high end of rent range) - $1535 (hopefully mortgage includes full PITI) - $90 (5% vacancy) - $400 maintenance/cap ex - $180 PM (at that low rent point I am using 10% all inclusive) - $50 misc (bookkeeping, utilities that are not tenant responsibility such as slab leak, tax man, allocation of asset protection, etc).  

From my experience the best reason to retain purchasing authority is to protect against mechanics liens.

Just giving out free stays near yearend will not help in maintaining customer stays.