Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 9 years ago,

User Stats

19
Posts
2
Votes
Jeff N.
  • Loudoun County, VA
2
Votes |
19
Posts

First time, future landlord, in AACO MD looking for advice.

Jeff N.
  • Loudoun County, VA
Posted

Due to work,  we are planning on renting out our house.  I plan on managing everything myself, once rented out, we would be moving about an hour away,  and I will still work part time near our soon to be rental property.   Dropping by to fix stuff, or check in on things wouldn't be hard.

I run a restaurant and deal with hiring, firing, and all the other fun stuff that comes with it so I'm use to dealing with people and having my phone go off 24/7   I plan on setting high standards for tenants and sticking to my guns even if it means spending a bit more time trying to find the right person for the house.   Background checks and credit checks are a must.  Thankfully we are not in a rush to rent the house out, the sooner the better but if it takes 2-3-4 months, we are fine since we currently live in the home.

I do have a few questions for the forum.

Does anyone here have or know where I can find a Anne Arundel County lease template?   I plan on writing up my lease agreement before hiring an attorney to review it.

Does anyone recommend a real estate attorney that would know AACO leases so I can have them review and fix any issues I have with the lease I drafted?  Many websites offer free ones,  but are they legit?  They seem like a one size fits all, lease.  If you don't,  could you please give me an idea of what I should expect to pay for one?

Credit scores,  what do you use for a minimum credit score?  720+  740+?

Property management programs,  since we would only have 1 unit,  I'm thinking Cozy,  its free, and while it's basic it might fit our needs of a single unit operation.   Anyone recommend using another product, and if so, why?

Thanks for any help!

Loading replies...