Lynn, This is a tricky situation but I believe that giving up a 2.75% interest rate is challenging to give up as we may not see rates that low for a long time.

It really makes no difference whatsoever…as you will be getting title insurance, either way, and if you ever have a title issue that’s who you would go to anyway…not the previous owner.It has effect on you or the lender, as long as you get owners title insurance (the lender will require lender’s title insurance in any case).You can sell with General Warranty deed when you sell.

The downside is potential turnover that is not as inherent with longterm. 

Hi Bob,If you have had a positive experience like it seems that you have, I'd suggest sticking with your current turnkey provider.8 years is a long time and only having 2 tenant turnovers in that time is fantastic.They have stood the test of time and not many turnkey providers do.Also, why fix it if it's not broken?

If it's a single family house, it should be tenant responsibility but if it's a multifamily, that's when you may need to take care of it - it depends on your lease terms and should be stated there so both landlord and tenant understand whose responsible for it.

We're working with several luxury STR purchase investors and several super jumbo refinances (over $3M) that are likely to commit with improved terms and anticipated ROI. 

This deal showcased our effective renovation strategy and commitment to delivering profitable outcomes.

I am considering switching the property to six-month lease terms, so that I maintain the choice of whether to keep renewing...Full details of the bill here: https://leg.colorado.gov/bills/hb24-1098

If you only knew… How long it took me to achieve this (10 years+) and how much work it was… Quite frankly, you wouldn’t be impressed.

Hey @Donod Sadu - this isn't uncommon when payments are setup on auto without a definite end term.