It's easy enough for me to use myself and has a lot of other features that help me manage my rental portfolio and take more of the day-to-day management in house, like vetting tenants, collecting security deposits and rents and its other banking features.

I'm not familiar with Indiana law specifically but in Colorado where I am the security deposit is the security deposit and is not paid per person unless you're renting by the room, but if both tenants signed a joint lease a full security deposit should be yours until the end of the lease and it's up to them to handle amongst themselves

Do we need to insist not signing for the month to month rent?

Additionally, I would appreciate community insights on renting out properties that aren't condos or co-ops in this area, as well as the market value.Thank you,Manon

The tenant owes 3 months of rent, unpaid utilities, and trashed my 2022 built condo and left several days before the sheriff had to break into the condo as no keys or forwarding address was left by the tenant. 

My answer assumes that it used to be your residence for at least 2 years after which you rented it for 2 years and never moved back in before selling it.

The property does not hit the 1% rule currently but I believe with all the continued development in the community that within the next couple years I can raise rent enough to hit the 1% rule.

Hey Shalonda, When renting out a property for mid-term stays, typically defined as stays longer than 30 days but less than six months, the tax situation can be a bit complex.

The trick is to AVOID these things, because if you do not, you'll be refunding rents. 

Currently my interest rate is at 3.35%.Several years ago, I relocated to Florida for work and have been renting out the units.