Then check to see if your lease allows for subletting and under what conditions.

This puts you in the position to have to find a tenant that wants a fully furnished condo for a longer term lease.

Also I wouldn’t rent to the friend If I were you I would setup a lease to own option with them.

Up to now, I've tried to have a lease come up for renewal in late spring or early summer. 

Is MLO Master Lease Options?

We are considering to hire a  reliable leasing agent at least for tenant screening, house showing and ect.

I am working backward from an approximate lease commitment with a very high estimate of extra expenses ( and I am sure I won't get everything ) to give me a go forward price target.

Hello Guys,I would like to buy a property for investment.Property details says "There is a lease in place?"

So I signed a lease last year that doesn't expire until 8/31/18.

the terms of the leases in place will dictate what you can and can't do.Chances are there is only 1 water meter, and splitting it 3 ways is usually the beginning of tenant-tenant conflicts.You could probably give somebody a rent credit to take care of the lawn, but if the lawn is generally used as a common area for all tenants, the landlord usually covers that cost.You could always change lease terms when the leases expire - but as a rule, the leases stay with the tenants who are in the property even when a property is sold.