It's a 3 unit that would be 100% leased up by end of August and would be well over 1.25 dscr.

For those of you who require renters insurance in your lease agreements, how do you make sure tenants maintain coverage throughout the year, not just at move-in?

Treating Adjacent Land Like It’s Part of the LeaseSometimes the tenant just assumes land nearby is fair game, whether it’s for a garden, a fire pit, or expanding their living area.Why it matters: Without clear lease terms and visual boundaries, tenants may overstep without meaning to.

Among other cities.That's for LTRs/I rent usually long term(1 year leases, then 2 year offers if great tenants.For any STRs it's usually sub 40% LTV as cash flow is highly volatile.

Are they also getting a lease out fee too (a commission to get someone into the place)? 

Mid term is a great strategy for first time landlords. 1) typically rents for 50-100% more than long term  2) less wear and tear on your property since furniture is not being moved in and out 3) low stress with great tenants since you are hosting business travelers and relocating families that stay 90 days on average which is only 4 flips a year. 4) can be easy to self manage alongside your sales job. 5) process is similar to long term with tenant screenings, leases and rent payments. 

The primary purpose of this purchase is to be a summer vacation home for us to spend summers with our kids there and then short term lease it throughout the year.

Also, insurance companies can deny claims for certain situations, so it’s not bulletproof.Many people in your shoes run the rentals in an LLC for liability purposes but keep their primary home out of it, and they make sure their LLC has its own bank account, lease agreements, and insurance.

And no- buying NNN leased properties does not mean you have a bullet proof business plan that won’t be subject to adversity. 

Do you know any operators that would want to lease one of our properties over in San Antonio?