Additionally, high-income earners are subject to the Net Investment Income Tax (NIIT) of 3.8% on certain investment income, including rental income.

It is always important to know what you are signing.

Important Note: not all lenders like doing "layered entities".

I use a regular lease but add a room leasing addendum that include some house rules and penalties, you can have it if you want.

Rently is "triband" from their website "The central core of the Keyless system, the Tri-Band hub technology includes 4G LTE"

If a taxpayer does not satisfy section 6.01(1)(a)(i) of this revenue procedure for an item of depreciable or amortizable property because this item of property is placed in service by the taxpayer in the taxable year immediately preceding the year of change (“1-year depreciable property”), the taxpayer may change from the impermissible method of determining depreciation to the permissible method of determining depreciation for the 1-year depreciable property by filing a Form 3115 for this change, provided the § 481(a) adjustment reported on the Form 3115 includes the amount of any adjustment that is attributable to all property (including the 1-year depreciable property) subject to the Form 3115.

Quote from @Donna Beth Perch: If you are going to manage for someone else, it's important to understand the laws and ensure you abide by them.

I suggest sending the notice, including the details of the lease stating what their responsibilities are.

I agree it very important to reasonably evaluate the likelihood of the event vs the cost to set up protection against it.

Hi Trevor,Reviews and testimonials are important.