BUT you probably should renew the lease and enter into an agreement with the tenants for protection. 

We switched to being treated as an S-Corp for tax purposes around 5 years ago (later than we should have) and it was a really good choice, self-employment tax was trouncing us before that.

With most utility providers you can sign a landlord agreement where when a tenant leaves and requests a shut off, it's automatically switched back into your name.

It's a great idea if they're educated on the pros/cons and know how to protect themselves.

Just to keep you from running down the wrong trail here.Environmental engineers do some tangentially related work to wetlands, but primarily focus on waste management, water management, soils/erosion management, public health (water/sewers), and environmental protections.

Contingencies at one time were used just to protect buyers from conditions that were not easily seen at contract signing.

I had one switch their bank account and forgot to update autopay.

For those that might holler about liability protection:  we have kept them leveraged with cash-outs, have a substantial umbrella policy in place, and very simply we just make sure we keep the properties maintained and are good operators with happy residents.We are now transitioning into a more commercial space and plan to roll out that LLC structure.  

We have a 14-page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

I would advise doing a 6 month lease and then switching to a year long lease after.