I reach out to wider audience before things get out of hand.This is a very good lesson and I will enforce the lease and for now will waive the late fee.

I used to play poker quite frequently and there is a wise saying in the game that says “sometimes folding is the best play”.

A property manager can give you a number off the top of their head, because when you are frequently renting, you just get to know the market.

Then you need to track all of the transactions so you can do year-end (or more frequent) reporting for both tax purposes and to just see how your business is doing.

Depending upon who holds the mortgage, it may be possible for you to buy an assignment of the existing mortgage for full price or at a discount so that you save them the need to foreclose (most frequently done by a small local mortgagee [lender]).   

What tenant wants to think someone is looking at them on a monitor like a watchdog.I understand that the temperatures in Big Bear drop to zero and it is a good idea to be able to monitor the temperature and to have a regular burglar alarm system that is monitored since properties sit vacant for frequent periods.Put the gadgets on your personal home!!!

Thus far I'm of a similar notion as Ralph though, in that you want to make sure that you get that parental guarantee, and a year lease; move-in/move-out checklist process, and frequent check-ins.

$50k is frequently the stated minimum, but that's typically negotiable.

Less frequently in her market but it is happening.

I also heard from a Boomers group that they need a private bathroom because they need to go more frequently.