New to the Investor Real Estate realm - Needing guidance and advice !

[Saad Khan]

Hello everyone !

I am a long time Charlotte native and have just ventured into purchasing a home for real estate investment/rental. 

I went with a new home build and want to rent it out. I am trying to figure out a rental contract and how i can either procure/make or get one. I also am trying to figure out what type of policies i am able to set and if there are any exceptions then what type of fees i am able to charge or levy against the renter.

Before that i want to try to know what is a good property management company for beginners...i have heard that you can end up doing majority yourself and save some $$. I want to try it out for a couple months and see how it goes. I am trying to make this a self sufficient property including lawn maintenance.

What are some good sites to post on when i am ready to rent ? What do i need to do as far as protecting myself and the property from damage and to atleast recoup the cost of stated damage (is it in the form of taking the deposit ?)

My background is in tech. I was a previous Turo host for about a year so am aware of the risks and the type of stuff that can happen.

I appreciate any help or suggestions ! Thanks !

[Stephanie Walker]

Hi Saad! I think it's super important to, #1, educate yourself on landlord/tenant laws in NC. Whether you are going to self-manage or hire a property manager, you need to familiarize yourself. Here is a booklet from HUD: https://ncdoj.gov/wp-admin/admin-ajax.php?juwpfisadmin=false...

A licensed property manager will be able to utilize the NC Residential Rental Agreement, Pet Addendum, etc. If you self manage, there are several websites where you can download your own rental agreement or, my recommended option, would be to contact a real estate attorney to assist in drafting an agreement that both protects you and your asset while ensuring that you are well within the laws that surround rental properties

Sites to post on: Apartments.com, Homes.com, Zillow and MLS seem to be where we get most of our long term rental inquiries.

I am a property manager local to Charlotte and am happy to assist. I also highly recommend @Maranda Tucker. Good luck!