Form an addendum that Jack and Jill sign where Jill acknowledges she will be taking over for full rental payments, damages to the property, and security deposit (would not recommend giving half back to Jack you could argue this would cover him getting of his lease agreement early).  

We invest throughout IL, southeast WI, and southwest MI, and we’re looking to break into Indiana.

So maybe by doing it outselves will be a better option with the help of subcontractor, the next time.The reality is that I am the one intereseted in not losing money because is my business, the contractor does not have a problem with the time, he has his money secured. 

I think master lease at least provides you with some sense of security on getting the money on-time, headache-free.

My tenants are currently requesting a month to month but I would like them to renew there year lease so I have a little more security.

Entire security deposit of $1000 is gone to the unpaid rent. 

2) Whether or not advertising on my own website constitutes a general solicitation to the public for a securities offering.3) Whether or not I need to be registered as a broker-dealer for providing investment advice with respect to recommending the purchase or sale of securities.I absolutely plan to consult my attorney on these questions but I’m also looking for some experience based answers and a place to look some of these things up in black and white in order to have a more productive and informed discussion with my attorney.Thank you everyone!

Other random expenses could be included like a portion of your phone, wifi, travel, or other LEGITIMATE expenses related to running your real estate as a whole (and not to specific properties). 

I know in Wisconsin that there is a statute: http://docs.legis.wisconsin.gov/statutes/statutes/... that makes the clause not enforceable. 

When a tenant dies (Milw, month-month), and has no $$ other than soc sec., is 28 day notice to the landlord really necessary?  My cousin is dying of cancer and the family is confused about how to handle notice to the ...