They have more skin in the game then you do.Make sure you get clear title.

Taking a deposit from tenants helps to mitigate the risk and may keep you from having to file an insurance claim in the event that there is any damage to your unit, plus if the tenants have "skin in the game" in the form of a deposit that they are at risk of losing you may have a better chance of renting to a tenant and getting your unit back in tact at the end of the lease.

Good Morning All,Wanted to see if anybody had used this company (or one similar) before? My father is looking into doing this in a cabin they recently purchased but was asking me about the quality/validity of using th...

surface numbers are always hard to gauge, because various investors are looking for different outcomes. 

On the surface, getting an extra 2brs for $20k seems like a winner.  

cody, i would get written policy made up and hung placed publically all around entrances and exits, over due it at eye level, then email and mail same new bld policy to all units. legally must have signs posted up along with contract. as per my lawyer written signs are like public bld policy. then require in lolicy a fee. i charge $25 per butt and $55 hour cleaning fee. and then buy and   install activtek system from me to kill all smoke odors and hit them with fines for having use air scrubbers. keep sending them air and surface cleaning bills every 3 days.

Almost like a VRBO except you would bring your own house.On the surface this sounds like it would be reasonable but I would ask how you plan to market the concept to your customers.

@Rashard Dennis They usually require some skin in the game.

They have more skin in the game then you do.Make sure you get clear title.

I don't see where this buyer has any skin in the game, while your exposure is tremendous!