This question prompted from this comment made on another thread:Originally posted by "dafly":My two instances of not being firm enough have effected my cashflow a bit (I should have stuck to my raising the rent that month for the 85 year old lady instead of postponing it for 3 months), but not enough to make me grimace.

One aspect of goal setting, that is vital in its effectiveness, is recording or verbalizing them.

PLace your own signs around town that say something to the effect of "I sell CHEAP houses, DEEP discounts, phone number" 4.

So either way, there is still tax, and that reduces your effective rate.Getting an ARM also exposes you to higher rates in the future.

The only thing I can suggest is to go and have a sit down with a couple of different management companies that specialize in managing vacation rentals and gather some information from them.There are a lot of vacation rentals in my area, but oddly, even though I know a lot of people active in several different areas of real estate, I don't know anyone who has vacation rentals (except for one friend with a B&B, and that's not really the same thing).The only thing I know about vacation rentals is that they are extemely management intensive and the management companies charge a substantial fee.You have turn over every week, and someone has to be there to clean, repair, asses damage, and inventory all the household items.

The security deposits belong to the tenants (assuming that there are no damages) and the current owner should give all of it to you.

So, if you want to get them onto leases, you could notify them the month-to-month tenancy is being terminated effective some date, and at the same time offer them a lease to continue in the same place.

I spend a large portion of my time personally rehabbing properties to rent out (not the most effective use of my time, probably, but I enjoy it), but I think that should be considered a separate activity.

I did the sand and seal on most of the rest of the areas, certainly anywhere with a hint of "water damage" on the wood.You will probably only need to replace a couple subfloor panels per room.

I don;t know even a single landlrod who permits new, un house trained puppies.At any rate, it was you and your dogs who ruined the caprpet, so you get to pay to fix the damage.If your puppy did any other damage, such as chewing the baseboards or cabinets, you can expect to pay for that, too.The next time you want a puppy, study up on crate training before you bring the puppy home.Since your husband got the puppy over your objection, take the fee for the carpet out of his allowance.