Lesson learned - With each lease, tenant to show declaration of insurance policy (yes, I know they can cancel the next day).I guess you could go after your tenant if he's not judgment proofed.  

THEN you must declare any junk things that are reported as faults with the property. 

But mainly, you have to get out weekly to exercise those investor muscles and that's my main driver here.

Another piece of interesting information is to check public records or with your local government on how many declared rental units there are in your area.

IF you allow this, at a min:1) You are NOT creating or implying a BAILMENT (ie if something happens to the bike you're not responsible) AND2) Tenant needs some proof (like an insurance declaration) to cover you for any damage to your building (like someone busting a lock to steal it) or his property (say the building collapses or his bike gets stolen). 

An old High school coach of mine always use to say something along the lines of “muscle through another extra rep, because you will always be that rep better than your competitor that decided to do the minimum”.

Flexed my engineering muscles (not really I have a business degree from an engineering school I just enjoy the humble brag). 

You have to declare in the contracts that you are a licensed agent and if you ever get sued for a real estate issue the courts will have a much higher standard for you to bear as a professional. 5) If you expect to have other clients and rake in the bucks part-time, know that the median income for a full time agent is only about $42k as of March 2020.No matter how it's portrayed on TV, being an agent is not easy or instantly lucrative. 

When you get the original declaration page it will clearly show you listed as additional insured.

It isn't as simple for them as changing the name on a piece of paper.As for your next mortgage, the lender won't look at your income on your property if you aren't declaring it on your taxes, but they most certainly will look at the mortgage payment when they calculate your DTI.