I saw many black families having a birthday parties for their kids on the front lawn.

It will destroy the lawn and it may violate my insurance.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

If you look at the long term rental calculator it can should break down all of the expense categories but here are some expenses you need to plan for: Maintenance (ex: calling a handyman for a broken toilet), capital expenditures (roof, hot water heater, HVAC), lawn care, insurance, property taxes, management if you are not self managing, vacancy, and more.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

During the visit, the appliances were already in the house.The tenants' previous lease clearly stated that they were responsible for replacing any broken appliances, as well as maintaining the lawn and snow removal.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Another nightmare not even worth your time.What you can do is put a sign on your lawn saying "rent to own" and just lease it out to a good tenant who wants to buy it in a year.

For some extra breakdown: we're usually between 35-40% of gross in total expenses on a month.Things include: Transient Occupancy Tax, utilities (electric, water, internet), cleaners, maintenance calls, lawn maintenance, supplies, & on occasion, replacing broken furnishings.

The Smokies crowd has lost their collective minds (and calculators).Assuming 20% down, 7% interest on a 30 year note, 80k in gross booking revenue, normal maintenance, supplies, lawn, pest control, utilities, and market rate cleaning fees, 10k furnishing budget, taxes + insurance, and 3% booking platform fees, I pencil that out at a 7.17% cash on cash return IF you self manage.