I want to make sure Im prepared with the correct documentation to rent out my condo and would appreciate all opinions if im missing anything: - I have the rental application- I have my rental property agreement that I will have the renter sign and make copies of and provide them a copy.- I have the statement of condition that I will have the renter sign and make copies of and provide them a copy.- I will have them provide a copy of their tenants insurance for my records. - Will provide receipt for first and last months rent.- Im thinking of not charging security deposit because of all the strict MA laws and just using the last months rent as a sort of security deposit, thoughts?

Either recommend tenants sign up for it and get the $5 "kick back" from those that do or offer it as a service for the entire community and increase the rent to compensate.

I'm looking to sign up brut still uncertain about a few things.

Our lawyer had stated we go along with what the tenants want and to make them sign a settlement statement.

If they are going to "help" you, everything should be put in writing and signed, just like a purchase contract.

If Architect/Engineer sign-offs are required, it may be more.

There typically isn't a need to sign new leases or do any formal transfers.

Tenant screening (how many prerequisites were really screened before they signed the lease)G.

You tend to see higher turnover when it's that small; good chance the property owner or property manager can't find people that a) only want 700 sq ft and b) are willing to sign a 5 year lease. 

I worry about the vacancy rate with an airbnb versus the steady income of a signed lease Pueblo specifically.