, and the same is true of PM companies AND owners that use PMs.

The owners kept on adding these weird additions till the 2000s.

If it’s owner occupied vs non owner occupied that will make a huge difference in the docs as well will have more documentation such as personal guarantee, assignment of rents and leases along with confession of judgment language in the docs.

Do any STR beach rental property owners have any insights?

@Tom Server we have had owner/investors hire us when they’ve actually lived in a property (duplex/triplex) because they did not want to deal with the tenants or have the tenants know that they were the owner.

I am a real estate investor and STR management company owner in Fort Collins. 

The owner has a personal property manager taking care of the property Should I do anything with the tenants or property manager prior to closing? 

The Operating Agreement of the owner LLC will specify the terms of the promote etc paid the GP entity.

There are programs that will also auto-flip to owner's account to avoid shutoff and these resulting situations.In addition to @Nathan Gesner great advice, you should check with an eviction attorney about how to legally keep the tenant from returning to occupy the property or pursuing eviction as necessary.

For REO Owners Deductions Could Be Even Higher!