I also have the text logs, since I stopped talking to him on the phone so that we would have a record of his communication with us concerning the rent.  

In fact, its become quite apparent that number crunching ranks rather low on the necessary skills for real estate compared to networking and communication and other business skills. 

A few of my investors charge a point or two for an extension, every 6 months = 1 point seems fair.

However, if they are still considered a short-term guest under lodging rules, you may have more flexibility, though the specifics can depend on local regulations in Seattle.Since this can become a legal gray area, I recommend documenting all agreements, payments, and communication with the guest.

You can get these up and running fairly quickly, and streamline the process.

@Robert Quiroz, I know this is fairly well covered at this point, but I align with Robert...  

I really hate using words to communicate, they are such clumsy things when one thinks about it!

You've probably heard of big Landlords losing property, but only because they were flagrantly violating Fair Housing, running a slum, or otherwise violating the law in an egregious manner.

Friends with rentals have generally indicated that the cosigner is either nowhere to be found or ignores all communication when needed.

The most recent job fair featured over 20,000 open positions.In ConclusionWhile nothing is guaranteed, the combination of population growth and limited land for expansion virtually assures that prices and rents will continue to increase.Thanks for reading my post.