Additionally, consider negotiating the ability to delay or cancel some bookings to complete the necessary work sooner, avoiding further damage.

I think defining and compensating costs like these helps avoid resentment that can happen when a party has to do otherwise unpaid work or otherwise feels the workloads are unbalanced. 

If we can avoid paying a "gift" tax that would be great!

Amazing how much the Buffalo market has changed, of course the politics and taxes havent and wont, why I moved to central Florida 4 years ago. 

Check out Central Florida Realty Investors (cfri).Best of luck!

Landlord can require tenants to be responsible for separately metered utilities, so can avoid waste.Landlord can get annual small increases in rent.NegativesMost of us don’t treat something we get for free the same way we treat something we’ve worked hard to obtain.S8 applicants claim “broke” and don’t like to pay application feesSame goes for security depositsS8 tenants, in our experience, tend to cause more property damage than non-S8 tenants. - Make sure you get a security deposit and perhaps do a surprise inspection of their current home.S8 requires an inspection (mostly health & safety) before approving a lease and then annually thereafter. - Not something most landlords taking care of their properties have to worry about.There are limits to clauses they allow in your lease.

I no longer entertain buyers agents from Carbutti and Company due to a past bad experience with one of their agents. The scenario was that a buyers agent wanted to be an impediment to closing a transaction between on ...

So I'd give that a quick try before asking the tenant for it just to try and avoid asking.

Remember, no system is perfect, so avoid the temptation of constantly chasing after the next shiny object.

This will be a long distance BRRRR (I'm located in California).I've got 8 turn-key SFRs but now want the money to work harder.Do out of state BRRRR investors have tips on getting started and/or pitfalls to avoid?