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Updated over 2 years ago,
Renting out a Single Family Home
I bought my first property over a year ago with hopes of renting it out as soon as possible, but got stuck living in it until recently. The house is in the historical district and is a 3 bed/2 bath with an outside garage/storage. I moved 6.5 hours away and work a full time job. I try to come up at least once a month to mow the lawn and collect any mail I may have missed. Since I've moved out I have had at least 15 people ask about renting it out. I have spoke with 3 property managers. I need advice on setting a rent price, property management ( If I should do it myself or 3rd party), advertising, property taxes, property insurance (Do I need to switch my insurance before I rent it out?), contractors(Do people set a year long contract with plumbers, electrician, etc. when renting?), and anything that I may be missing before I rent the house out. Thank you!