that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

So we had a non-paying tenant whose lease wasn't renewed and refused to leave.

This property needed an extreme amount of clean up and haul away of items left behind.

Due to the nature of the shorter lease terms, I am spending an excessive amount of time updating my Excel spreadsheet, MLS, business website, Airbnb, VRBO, and other platforms.

About 1/3 of their leases had to be terminated or evicted.I finally got tired of it and stopped accepting Section 8 about six years ago.

Two of my units will be vacated in the next 2 months so this is a good time to consider this over my traditional 12 month leases again. 

It’s humbing and frustrating, but it also teaches you those guardrails you’ll want next time.. like thorough screening, a solid lease agreement that sets ground rules upfront, and maybe even setting aside a bit more cushion in reserves.Chicago’s got plenty of investor-friendly pockets.

Do you have tips for structuring short-term leases that protect me as a landlord while accommodating their needs?

Lol Have you done many lease options as a buyer over many year term? 

These are just some of the additional items that will have a significant impact on carrier's rates, your premiums, and whether we start to see the insurance market soften anytime soon or not.