We don’t have a clause in our contract to account for this, and we have been actively looking for new renters with no luck so far.

I actively engage with my network of investors to provide opportunities.I’d love to meet with any investors or investor-friendly agents in the Phoenix area and all throughout Arizona.

I wouldn't worry too much yet but if after a couple more days of no activity, I would bring the price down a bit to be closer to the top end of the market and see if there are recent comparables that have been rented (especially if you have access to the MLS)

@Haley ElisabethA few things to point out/think about from someone that is active in your target market.

If you are all going to be active in the business, then you can probably structure as a joint venture.

btw - I’ve saved some of these recommendations and am actively looking in Indianapolis. 

This means that if anything goes wrong with the property—like a tenant getting injured or a lawsuit related to the rental activities—the LLC, not you personally, would be the one held responsible.

Unfortunately this seems to be the norm with many of the gurus and seminar/webinar promoters. 

@Brandon Weis when it comes to PMCs, you'll find two main camps here on BP:1) Hardcore DIY landlords that think & promote EVERYONE should DIY manage. - Many are okay and actually understand DIY PM is not for everyone, but there are some that only have negative comments about PMCs.2) Owners & PMCs that promote hiring professionals.- Some PMC members are only here to promote themselves and don't offer much of value.

I’m active in Huntsville as an investor and turnkey property manager.