This is based on no 30-day notice to vacate and stipulates an increase in monthly rental amount, but I planned to have them sign a new month-to-month lease with updated terms where I wouldn't raise the rent beyond a renewal is, however, I will let them know that this is an option for a couple months with intent to get back into a longer term lease, otherwise a month-to-month lease (over the longer term) would be a higher rate and not what I'm looking for. 

Tenant placement is a one time service and is often far more affordable than ongoing management, while still protecting you on the front end.As for compliance, this typically includes:Proper advertising and screening in accordance with Fair Housing lawsConsistent, documented tenant selection criteriaLegally compliant lease agreements and required disclosuresUnderstanding local and state landlord-tenant laws (security deposits, habitability standards, notice requirements, etc.)Correct handling of application fees, background checks and denialsGetting the placement and compliance right from the start significantly reduces risk, stress, and costly mistakes later.

Has rental demand felt consistent for you, or are you noticing changes in certain areas?

Visited your profile and notice it’s all frustration directed to PadSplit.

@Alvin Diggs III  you can also just let the tenant know what the rent will be by giving 30 days notice.

Not the best option, but it gives them the notice they can leave when they are ready.

You’re already thinking about this the right way.Zillow is a fine starting point, but as you’ve noticed, it’s only one slice of the deal funnel.

I’m noticing a pattern in Denver where new STR competition shows up in waves, and by the time it’s obvious on Airbnb, the underwriting window is already gone.  

I have opinions based on details I noticed, but I’m more interested in hearing what decisions others make when approaching a fresh deal.There may be those among us whose goal in real estate is to park cash safely.

I would give them the 3 day notice, then do the lockout.