Still not convinced STRs aren't teetering on a ledge with a crowd of competition or a stiff wind of regulation about to knock it off its mountain of cash flow glory. 

In Oregon you must be a Licensed foreclosure consultant .. your limited to comp etc etc. penalties are quite stiff if you violate the consumers rights.

@Doris GarciaThat is a stiff prepayment penalty, that majorly limits your ability to pivot if you need to change strategies. 

If you wanted him out at the end of Dec you have to give notice in Nov.All that being said, if he stiffs you on a months rent because he needs it at the next place, so be it, take the loss and be glad he left.

Now I put a stiff penalty in the lease for bringing unauthorized animals on or into the property.  

One lease with stiff penalties for not leaving on time, late fees , and lock change fees.

You shouldn't have to waive anything (although it's entirely up to you) to be a nice guy and get someone who is trying to stiff you to pay you what they owe you.

With a dozen properties over almost 25 years (300 property years) I’ve had one tenant stiff me for almost $500 more than their security deposit.

I think the neighborhoods that can be great STRs are OTR-- but competition is stiff... tough to stand outCovington/NewportCliftonWalnut Hills

My software has the ability to print customized letters, easily, and I may mention to the prospect that I will send my information in case he changes him mind, but it is better to move on to a better prospect before your fingers get stiff.