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Updated over 9 years ago,
Rental property on the Big Island, Hawaii, first time landlord
Hey all. I just closed on a house on the Big Island of Hawaii a couple weeks ago and already have renters lined up through my real estate agent. I had been intending on doing a vacation rental with it for the next few years to get it to start paying for itself while I settle things down in Arizona, but these friends of a local realtor who contacted my realtor need a place in my neighborhood and apparently rentals are sparse there.
This is my first for all of these things (being a landloard, 2nd home owner, remote home owner, remote landlord). I need to come up with a lease, specific to Hawaii. Any particular advice I could get on that would be most welcome. Any particular due diligence I should be trying to do here as well? Is this (listed in the resources) https://biggerpockets.mysmartmove.com/ an adequate screening for my purpose?
Thanks for any help anyone can provide. I sincerely appreciate it.
Frank