Luckily we always build in a contingency, but we like to have that left at the end . . . at least we have that expense addition covered.  

So I do have a hunch that they're sneaking around smoking indoors.  

In addition, RE is not as passive as the S&P.  

Wander has been pretty persistent about trying to get me to list my FL oceanfront beach villa on their platform with their newer Wander Listed program. The fees are 8% and this would just be an added channel to comple...

.▪ Brief risk/mitigation bulletsDoesn’t need to be heavy, just shows we’ve already thought through the downside.Those couple of additions have made conversations with lenders much more efficient on our end, especially when moving from preliminary interest to real underwriting.Appreciate you sharing this, would definitely like to take a look at your full checklist PDF as well.

The layout allows for an easy addition over the garage, potentially adding 2 unitsThese units could generate approximately $36,000/year at $1,500/month rent per unitFinancial Overview & Valuation: At current income and stabilized rents, the property offers a 6.5% cap rate on a $700,000 valuationRenovations and addition of two units would cost approximately $350,000Post-renovation, the ARV (After Repair Value) is projected at $1.4 million, with the potential to double the annual revenueRun Your NumbersWith the current market pricing in the mid-$600,000s and being on the market for only 30 days, 5000 Florence Ave represents an exceptional value and scaleable opportunity.

They are way too guest centric and often leave owners hanging.VRBO and AirBNB should be all you use in addition to looking at direct booking as well.You can rent an ozone machine which should take care of the smoke smell.

Is the juice worth the squeeze when considering the amount of communication you have to do in addition to all this?  

As a PM company, we started holding the last month's rent in reserve, in addition to the $500 everyday reserve, when the tenant turns in a move out notice.

Any help/direction on this is helpful.Jeff My suggestion would be to use a standard Wisconsin lease from Wisconsin Legal Blank and then have the tenant sign any additional addendums you create on your own