In addition to the core part of the agreement as the parties understand it, under the procedures established by law (by statute, caselaw, or both), there are many technical details that need to be stated in the contract to make sure the deal goes through as the parties want it to.

I'd call up Maricopa County and ask them the procedures.

A hosting business involves marketing (LTR only markets when there is a vacancy), cleaning/turnover, check-in/check-out procedures, and a concierge communication.The analogy to Walmart is absurd.

I EXPECT that my tenants in C/C- properties will occasionally have issues that prevent them from paying full rent in a timely manner and I have polices and procedures in place that allow me to work with these tenants AND limit my losses.

I would write Standard Operating Procedures: which is basically writing down the way in which you will do things in your business.For me, this made me think critically about ever step of the process.

For building your own in-house staff, absolutely develop clear procedures/guidelines for each routine process.

I'm in the process of writing down my official property management policy and procedures.  

Jumping into PM without an education or the established policies and procedures is why our profession has a bad rap.

The new procedure will be for them to mail into the P.O.

If you did have a license you would be held more responsible in court of law to follow all policies, laws, procedures, and practices set forth by national real estate laws and Ky real estate laws.