Review their management agreement.

If you're just putting them into a mid-term rental agreement though (at a higher rent) I would demand a double security deposit and get them in there. 

Here is the list:- Subject property deed- Property tax bills for all properties owned- Home owner’s insurance declaration pages for all properties owned- Lease agreements on all rentals/ or we can type a memo of month to month rents.- 2022 and 2023 Federal Tax returns with all schedules included- business and personal (if filed separately)- January 2024-current Profit/Loss, Balance sheet, debt schedule (template attached here- or can use your own profit/ loss template)- 30 days most recent paystubs and ’22 ’23 W2s if you receive pay checks.- Most recent 2 months of bank statements outside of CBNA- Most recent retirement/ investment/ life insurance statement, if applicable.Is this an insane amount of paper? 

Also in the property management agreement it is stated that PM company charges you a month’s rent if they find a new tenant for you.

How much is determined by the agreement you have with that agency and length of time it takes to collect.  

Make sure you get a copy of the original contract with the seller when you sign an assignment agreement.

Current negotiation from LL Commercial lease Monthly Rent $6000 Security Deposit will be $7000 (based on last month rent of the lease term)Six Month Build Out Period - June 1 to Dec 31, 2024 Lease to start January 1, 2025. 5 year term During the build out period the tenant would pay $3000 per month rent (June 1 to December 31, 2024)The balance of $18,000 from the build out period would be paid back over 12 months at $1500 per month on a separate agreement.

Should this arrangement be done in some kind of an agreement ?

For my multi-family properties, we get quality leads from Apartments.com and Zillow.I believe if you have a bigger pockets pro membership you can get lease agreement customized for any state.

Finally, have your PM screened, double screened, & triple screened before you sign a management agreement.