You have all the control.You could stay in your own Vacation rental for free for a period of time (add this to your agreement)Make sure of their abilities, don't rent to someone that this is their first attempt at a STR.You have little risk in this scenario.Get first, last months and a security deposit to further minimize your risk and screen them like you would a normal tenant.

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.

* What do you do to ensure that the tenant is responsible for security deposit disputes since that is the largest reason for owner lawsuits* How familiar are you with the newly changed laws that can affect you the owner if they are not used correctly?

with rentals cutting grass seems to be a issue ,I always press the issue when renting out a house .call the city on your self then post the paper work  on their door .Then hire it out the mowing , raise the rent to cover the mowing when the lease is up  and keep the deposit if they refuse to play nice.How a person keeps the outside is a clue how the inside is kept be on high alert !

Collect non-refundable pet deposit.4.

First, learn the process which could be explained in these simple steps:Step 1: Market to motivated sellers Step 2: Sign purchase contract with the seller Step 3: Find cash buyerStep 4: Sign contract with cash buyer for a higher price and collect 2k deposit Step5: Close Transaction via Assignment or Double Closing and Collect your checkSecond, learn has much as possible about the 5 skills needed to be a Pro at wholesaling.

I've had too many great tenants with poor credit scores to let that be a primary determining factor for approval, but it does factor into what security deposit will be required.

Hi Everyone,Quick question on security deposits in Chicago. 

I know testing can be done, but in Denver many of the wholesalers require a $5K - $10K non-refundable deposit. 

New landlord here A little confused as far as where to put the deposit money from tenant , it seems that I cannot just put it to the business checking account it need to be some account that earns interest .