We really need to spell this out in crayola to clarify; Those who bought to operate a STR, than "in-the-red" and needing/looking to sell did NOT fail on an INVESTMENT....

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

The LLC operating agreement should spell out each of your roles and make clear you are the decision making partner and he is the silent partner.

I provide tenants with a form to request any improvements and it spells out exactly what they are doing, what material will be used, who will do the work, who pays for it, what happens to it when they leave, etc.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

You can't have spelling and grammar errors everywhere because it shows a lack of attention to detail.

Since sensitive information is necessary to the negotiations but disclosing parties may suffer harm if this information leaks, an NDA works to put parties at ease and spell out the consequences of a breach.An NDA could also impact future contractual obligations or business opportunities.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

Or, if no minimum lease period is specified, sometimes the bylaws spell out, "A unit owner may not maintain and rent a furnished unit".Happy to discuss my experience.

You need a clearly written partnership agreement that spells everything out.