First Rental Property

[Account Closed]

Hey BP,

We recently put a great SFR under contract and are strongly considering making it our 1st (of hopefully many) rental. We have flipped about 20 properties in the past 19 months so we have a cursory level understanding of the process when retail is the exit strategy. We are looking for some input as far as what we should start to look at to make our first rental a success i.e. insurance coverages, tenant screening, etc. Any and all insight related to getting our first rental up and cash flowing would be greatly appreciated!!

Ray

[Christine Swaidan]

I strongly recommend The Book on Managing Rental Properties by Brandon and Heather Turner. It's a good basic book with lots of tips.