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Updated 8 months ago,
Is This a Place for me?
New here. I was recommended to this site just today. It appears to be catered more towards investing in real estate. My situation may be a little different. It's this the place for me?
Here's my situating. I have owned a house since 2017 that my father lived in until he passed 2-1/2 years ago. It has sat vacant since. I have been reluctant to even consider renting it out until just this week. This will be a first for me, so I came here to seek advice. First, do I need to talk with a real estate attorney, CPA, or other before I even start this? Are online lease agreements enough to protect me and my assets? When taking applications, should I charge a fee to cover background, credit, and employment checks? How much? What company do you use for background and credit checks? What would you consider an acceptable credit score? I really know nothing about this, so I welcome any and all advise!! I'm in Alabama. Thanks in advance!