First rental property

[Roy Bias]

After about 4 months of looking at different properties, I've finally closed on my first rental! Only bad thing, in my opinion, is that its a condo. Condo fees are currently $205/month (it will go back to $125 after the 4k has been reached for the new roof they put on two months prior to buying it). That does include trash, snow removal, and landscaping. Total monthly expenses are around $710 per month and market average for this area with similar sqft, bedrooms, amenities is around $1200. Just wanted to share with this community since its what helped get me started!

Also, any suggestions websites to help manage it? I've heard Zillow has a good rental management tool that allows me to list, send lease agreements, receive rent payments, etc. 

Thanks in advance, 

Roy

[Grant Thompson]

Congratulations Roy! The first one is always the hardest. If you self managing, I have heard good things about Zillow and Avail.