@John Brown Running a short-term rental (STR) on a subleased property, often called rental arbitrage, is feasible but requires careful planning.

If you own 25% or more of any LLC you are required to register with a FINCEN ID for beneficial ownership by January 1st or you could be subject to $500 per day fines.Have you taken care of business?

Please correct me if I'm wrong.You can require them to have insurance, but you cannot require them to purchase from a specific policy provider.

I've been co-owning for 8 years and its been great although it does come with risks requiring serious consideration.Best of luck!

I just pointed out that at that time, the court suspended the requirement about a week before your post. 

Most municipalities require a contact and not the manager in the wording.

If the water bill is $100 a month, increase the price by 20% (or whatever you decide is fair) to compensate you for the time required to split and bill and to cover additional use when tenants squander the utility.

Our standard email with the bid states, please contact us to discuss & redline to your budget.The only thing we will require are health & safety repairs, to avoid a lawsuit.

My current solution of using Baselane is by far the most cost effective and easiest, but it still requires that I spend time bookkeeping.

I am also looking for tax optimization as the business will require cash reserves and is a high risk business from a liability perspective.