So if rent vs mortgage is a wash in your area, live there for a few years until the rent climbs enough to make sense.

The way to avoid having your rental activity being classified as a bed and breakfast is not to provide substantial services to your guests—don’t provide them breakfasts, clean their rooms each day, or do their laundry.

But if your PM is holding a $1000 deposit, and you owe your PM $1000, it's a wash.

This gives us our “Effective Gross Rent.”Potential Gross Rent: $1,200 per month, or $14,400 per yearLess Vacancies: ($720 per year) at a 5 percent vacancy rateEffective Gross Rent: $13,680 per yearNext, we’ll add any other income sources that are associated with the property, such as pet fees or coin-operated laundry income.

B2 has less hallway space, giving you more room for useful things, like a walk-in laundry and larger living room.

This can include providing them with your contact information and asking them to reach out to you if they need anything during their stay.Additional services: It could also be considered to offer additional services like weekly cleaning, laundry, groceries, etc.Rentals laws: Be sure to familiarize yourself with any short-term rental laws and regulations in your area and make sure that you are in compliance with them.Overall, the key is to be proactive in your communication and anticipate the guest's needs, so they have an enjoyable and comfortable stay.

Hello all, I have been stuck now for awhile trying to figure out the best course of action for an already present shared laundry common room in my new duplex.  

For example, "Tenant will not operate any business from the residence, including but not limited to... " I list a bunch of examples like day care, massage, gambling, laundry service, etc.

From what I understand, something like oil drilling, oil equipment lease, car wash, convenience store, or laundromat should qualify.  

Hello all, I have 2 cameras installed in common areas at my rental property (1 looking at Driveway, 1 in the basement looking at laundry).