Based on my experience managing a significant number of rentals, leasing back to a seller can work, but it’s essential to approach it carefully.Lease Start Date:The lease should be signed at closing and start on the same day—Monday in your case.

They often provide standardized lease agreements that comply with state and local laws.Additionally, many landlords use platforms like Avail, Zillow Rental Manager, or TurboTenant, which often include customizable lease templates that are state-specific.

Work out a fair revenue-sharing model, such as a flat lease or percentage of profits, and consider hiring a property manager for oversight.This post does not create a CPA-Client relationship.

Working with a property manager will give you a lot of hands-on experience in the day-to-day of managing properties. 

I'm tempted to do what many have said which is to just use a debit card, but I get 2% back on a CC, which is not insignificant when managing dozens of vendors, and I really hate to change a process that's working because the software I chose is lacking a basic feature.  

We're improving units, management efficiencies and bringing rents to market value.

I work with a property management company in NJ and we see a lot of success with our clients holding long-term rentals. https://www.tvdhousing.com/Welcome to BP! 

There are a lot of deals he could do, but he wants to hit 80% occupancy from a Risk management standpoint before he takes on his next deal, plus get closer to retirement.

In my opinion, more important metrics are total profit and time spent managing the operation.All marketing works.

How well can you manage multiple roommates?