First rental questions

[Blake Winiecki]

Hi everyone,

I am new to the process of getting renters into a SFH in Minnesota. Getting a lease drafted by a lawyer seems quite pricy, is it normal to just use a standard residential lease set by the state or should I be getting much more specific? This is my first unit, should I create a LLC? I've heard it's crucial and also have heard it's not needed, especially with umbrella policy. Lastly, is anyone familiar with rent redi and do you suggest it as a good option for helping pre qualify tenants, collecting rent, tracking expenses etc? Any help would be awesome thank you!