If there was a big bill, they will want a lease or closing papers to verify that you just leased or bought the property.My point is that some things MAY be the same from the podcast, but some things are state, city or even area specific.

Are they on a month-to-month lease or do they have an existing lease?

In my case, I don't use an LLC for my real estate holdings. but use an LLC for an active business, an S Corp. with a DBA for 2 different businesses, and a C Corp, since closed, for real estate management.In my view, closing one and opening another would involve paperwork and fees, but keep your accounting much cleaner, as you probably agree.

My lease says tenant is responsible for any guests or persons living there .

Morning All, I am looking for a person/company that can help us with turnover cleaning in Chicago.  Most properties are in Woodlawn, South Chicago, Calumet Heights, Washington Heights, Washington Park, South Chicago, ...

it ensures the relationship is strictly business and it is easier to stick to the lease and not let the sob story make you bend the rules.

A little food for thought with that idea and a way to reduce risk on maintenance is offer your properties as lease options or owner finance.

Review their lease agreement and addendums.

The Tenant Buyer is on a 3 year Lease Option unless he wants some other period of time.

He is halfway through his lease.