Follow all the rules, Rent roll, leases and T12.

The rent will need to be a 'fair-market' rent, i.e. is it equivalent to what a non-related party would pay, or a similar rate as other SFR's in the area are charging.Additionally, for further proof of intent as an investment, it is never a bad idea to have a lease agreement with your tenant, whomever they may be.

We have a year left on our lease, so I’m going to keep looking to hopefully find that diamond in the rough.

@Julia Vang Hart Make you to get several bid proposals and consider elements such as: inspections, how late fees are split, vendor mark-ups, and lease renewals.If you need help, please let me know.

Hello I am a new leasing agent pursuing my realtor license located in Chicago, and interested in starting in REI.

Is it smarter to do a 6 month lease to get off winter cycles and then renew 1 year+ starting from spring?

She uses cozy to collect rents, and she used task rabbit to lease up the units.

This year, I decided not to renew the lease when it was up because the tenants had started wracking up unpaid utility bills and had been late with rent several times.

When you give them a lease make sure it's a MONTH to MONTH lease.

Just have a clause in the lease that says tenant must leave if property is redeemed.