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Updated over 7 years ago,
Need info for first time landlord
Hi Everyone,
We recently are in process of closing a condo in hayward, CA area. I am new to real estate investment and playing landlord role. I have few questions for being first time landlord:
1) Which are the best forums for listing your property for rental?
2) How do you know what to put in contract terms? Is there a website that has standard template ? Can anyone share something applicable CA, Bay Area market?
3) What kind of insurance are "must" as a landlord before you have tenants occupying your property?
4) How do you select potential tenants ? What to look for? Work history , Credit Score, Proof of Income etc? What is acceptable credit score for renters generally?
Anything else that I am not thinking and may be should consider before I dive into this? Thanks!