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Kathryn Lauterbach-Bell
  • Killingworth, CT
11
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best practices for 3 month lease

Kathryn Lauterbach-Bell
  • Killingworth, CT
Posted

Hi, I'm new to the FLA STR market, previously I self managed a 2 family unit in CT for 10yrs. I have a condo that I am leasing for a 3 month minimum in a nice small town a mile from the beach. I am looking for some best practices regarding the lease.

Do most STR require 30% down and final payment before the stay? Then all 3 of the following: security deposit, renters insurance and damage insurance? For most STR's, is an inspection checklist conducted? Do most STR tenants pay a departure cleaning fee? Do any STR tenants pay utilities?

Any guidance you can provide or suggestions to helpful material is greatly appreciated.   

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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied
Quote from @Kathryn Lauterbach-Bell:

Hi, I'm new to the FLA STR market, previously I self managed a 2 family unit in CT for 10yrs. I have a condo that I am leasing for a 3 month minimum in a nice small town a mile from the beach. I am looking for some best practices regarding the lease.

Do most STR require 30% down and final payment before the stay? Then all 3 of the following: security deposit, renters insurance and damage insurance? For most STR's, is an inspection checklist conducted? Do most STR tenants pay a departure cleaning fee? Do any STR tenants pay utilities?

Any guidance you can provide or suggestions to helpful material is greatly appreciated.   


 I treat it the same as a 1 week stay. They pay 100% up front.

  • John Underwood
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