Rehabbed and Empty, What Next?

[Rachel Avery]

I inherited a very rundown property. My dad and I fixed it up over the last two years, and it has passed all its inspections and meets the code requirements for me to get a renter in there. I have no idea what kind of paperwork or lease agreements I need for a tenant. From what I understand its quite alot when it gets into things like pet agreements or possible lead based paint disclaimers, stuff like that. I intend to manage the property myself, I just need advice on how to list the property, and which documents to use to protect myself against potential problems, and ensure a fair and legal lease agreement. Any advice would be greatly appreciated.

[Daniel J Cano]

It might also help to go through the application process yourself, maybe through a nice apartment complex nearby? It'll cost you whatever the application fee is, but it'll serve as a great lesson for yourself as a landlord because you'll see how a professional company handles tenant onboarding. And also a good perspective as a potential renter. You learn how both parties think. Wether you decide to sign the lease or not is up to you, but at least you learned how both parties think. 

GL!

Dan C.