Another lesson I’ve learned is that buying a single family home as my primary residence to later lease to a tenant is a bad strategy unless I’m purchasing the property at a really low price.

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

I am going to be moving in the spring and will begin renting out my current place of residence at that time. Working on getting everything in order. Has anyone ever made a "Homeowner's Manual" to give to the tenants w...

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

We send out explicit instructions by email to our guests before check-in and have a hard copy waiting for them upon arrival.

Explicitly tell them what you're paying for it so you can get the exact number.Also, we do a 25% property tax relief in SC under the ATI bill - so if you fill out that form, you will get a reduction for 5 years.Info below:ATI Real Property Tax ExemptionSouth Carolina law now allows a partial exemption from taxation of up to 25% of an “ATI fair market value” that is the result of anAssessable Transfer of Interest.

Ensure the sublease is explicitly permitted in a written agreement with your friend and aligns with local STR laws.

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

I can't name a single state that requires the disclosure of insurance claims.

This effectively means tenants can pay cash if the lease doesn't explicitly state otherwise.