Give them a 60-day notice, then charge them a prorated rent for the additional 20-day extension.

Most look at a Certificate of Insurance and confirm coverage limits but best practices are to (1) become added as additional insured under contractors policy and (2) understand coverage exclusions which are not going to be detailed on an insurance certificate.

Reach out using the message system if you have any direct questions or want additional advice.  

My dilemma has been that I've gotten a little behind on some revolving debt that selling this property now could eliminate in addition to giving me cash on hand to trade into some better value or start a new construction duplex project I've been wanting to start.

Here is a list of what adding ADUs in my CA market is typically a poor RE investment:1) The value added by the ADU addition is often significantly less than the cost of adding the ADU.

Additionally, forming a new LLC may require obtaining a new EIN and business bank account.This post does not create a CPA-Client relationship.

@Kevin Connauton most PMCs won't touch this type of renting due to all the additional headaches and liability.We second contacting PadSplit.

Feel free to private message me with any additional questions.

With substantial equity in your Fort Worth rental, a cash-out refinance could free up funds to purchase additional properties.

Is there a way to access the additional features without creating a new Stessa account through the BiggerPockets link?