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Updated over 2 years ago on . Most recent reply

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Brent Carpenter
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3
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Need advice. Listing my first rental. :)

Brent Carpenter
Posted

Scenario: Want to turn my primary into a rental. Mortgage is $950 (I have about 100k in equity and only 79k to owe). Rent will go for about 1575. House is in great shape with upgrades. 

Question: If I list home on zillow how do the application fees work and what is the best way to find a tenant? I will most likely self manage. I will most likely use the bigger pockets lease agreement. 

Any feedback? 

Most Popular Reply

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317
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Manny Vasquez
  • Real Estate Agent
  • Orange County
289
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317
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Manny Vasquez
  • Real Estate Agent
  • Orange County
Replied

If this is your first rental, to cast a wide net, I would use Zillow, Redfin, Apartments.com, and on the MLS. Once you start getting prospective tenants, I would use the tools found in apartments.com. They can help you screen, collect security deposit, collect and automate monthly rents, and provide renter's insurance. They also have boiler-plate rental agreements. You can also use the rental agreements that have been uploaded in Bigger Pockets.

Good luck!

  • Manny Vasquez

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