I have some clients who prefer to have a PM for maintenance/contact/rent collection/general management and will place tenants and write leases for themselves in exchange for a reduced rate.  

Since you're wrapping up paperwork, make sure your lease terms are solid, get the right insurance (landlord + homeowner), and set aside some cash for future repairs.

My lease requires professional carpet cleaning, which would cost more than $500 for a home of that size.Yes, it's reasonable to reduce the cost because she was such a long-term tenant.

You could also put a stipulation in the lease that if the bill goes over xxxx they will be charged an additional fee.

There are so many landlords that never update their lease or other documents.

We use RentRedi for tenant screening and management, lease documents, automated late fees, messaging, maintenance requests. 

This highlights why it is also important to manage lease-end dates. 

Design a clause in your lease that complies with both and ensures you are protected.

The property is currently tenant occupied on a month to month lease at $1150 per month. 

Though applicant 1 shared 2 year old lease ( ended 2021) which has applicant 2 name( shows in credit report too) but it does not show on applicant 2 credit report.