They acted quickly and in your best interest to protect the property and your tenant. $2,000 is about the going rate in my market.2.

When the rent rates stabilize, I suspect they'll bring it back.I wouldn't try it in a location like Portland, but 99% of the country would be fine with a policy like this as long as it is disclosed and applied equally.Can and should are two different things.You do you, but my advice still stands: be careful when dealing with Fair Housing protected classes.

An LLC is useful for two things: anonymity and legal protection.

This protects your investment and gives you leverage if there are issues.Other Tips:Make sure the lease explicitly defines the move-out date.Conduct a thorough walkthrough with documentation before and after the lease period to avoid disputes.Handling a seller-to-tenant situation can be tricky, but with the right precautions, it can work smoothly.

A good PM should protect your interests and anticipate potential risks like this.Let me know how it all shakes out!

To simplify the existing lease I thought about asking the tenant if they would be ok modifying the addendums to get rid of the resident benefit package and the building protection plan. 

Way simpler and more protective for everyone for about $30/month.Out of curiosity, will you be at red stick REI in January?

It’s cash flowing about $50/month after everything (PITI, flood insurance, home warranty, excess liability & termite protection) - if I got ride of termite it would cash flow $125.

By recognizing the signs and implementing effective preventative measures, landlords and property managers can protect themselves from potential scams.

Ensure you understand local regulations regarding permits; it’s usually a good idea for your associates to form an LLC for liability protection, but individuals can do renovations as long as they pull the necessary permits.