Most new construction deals require you to give up to a 10-year warranty on some items while most fix and flips come with very little extended liability after the sale excluding gross negligence which is not stopped by an LLC in any case.

For both Oregon Coast short term rentals and hotels/motels there is a drastic need for modern and updated hospitality.

You're giving up some good tax benefits since you're in the tier of taking itemized deductions.

@Mary Jay yes and that’s counting even big ticket item repairs averaged out so my monthly is actually higher. 

I will always look at the air handler and make sure tenants are installing fresh filters (most neglect this item).  

A savings to put deposits and another account for everything elseyou don't need separate bank accounts as accounting software will classify all of those items.

They won't learn those items until they actually do deals. 

Are these the only items we need to document?

In my area (near the beach) its mostly families and they want cabanas, baby items, chairs, coolers etc that we do not provide but I have a local vendor that delivers and picks up these items and charges a few dollars per day for each item, and give me a 20% referral. 

I have one I have drafted up but would love to compare against others.What are some items you always included in your MTR rental agreements?