First Rental Property

[Spencer Paul]

My wife and I have been living in our first property for about a year now. We recently purchased a second property with plans to move out and rent out the condo. This is our first step to building our rental property portfolio. Any and all advice is appreciated!

If anyone lives in the Louisville, KY area and would like to meet up I would also appreciate that.

Thank you,

Spencer Paul

[Theresa Harris]

I would run the numbers and make sure the condo makes sense as a rental.  Often condo fees limit returns.  Also check the condo rules regarding rentals.  Any thing related to noise, parking, etc in the condo docs should be given to tenants and make sure they sign off saying they've read them and will follow the rules.  Melissa also gave a lot of good advice.