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Updated about 7 years ago on . Most recent reply

User Stats

179
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188
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Aaron Millis
  • Rental Property Investor
  • Montgomery, AL
188
Votes |
179
Posts

Soon to be Landlord here

Aaron Millis
  • Rental Property Investor
  • Montgomery, AL
Posted

Hi all,

I bought my current property almost a year ago and am finally getting to the point where I am about ready to rent it out. This will be a house hack. It is a 4 bedroom 4 bathroom house so I will be living in one of the rooms and renting out the other 3. I live in a college town so there is about a 99% chance that I will have students as my renters. I have listened to basically every podcast pertaining to landlords and tenants multiple time ( and even the ones about other topics) and am slowly reading through the book on managing tenants by Brandon Turner. 

I know my next step should probably be to get really familiar with Alabama's landlord tenant laws, and getting a lease set up, etc. Basically I just want to know if there is 1 specific place I could go to for people who are soon to be landlords, so that they can get all of the info they need to take the steps ending in having tenants in their property. Any typical things that some newbies might typically leave out of their lease that you seasoned vets would recommend? Or just any advice in general?

It's been somewhat stressful just getting my property ready up to this point, but I understand that the real difficult times are yet to come. But I'm excited and ready for it!  Thanks in advance to anyone who gives their advice or 2 cents.

Most Popular Reply

User Stats

178
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73
Votes
Wilson Lee
  • Birmingham, AL
73
Votes |
178
Posts
Wilson Lee
  • Birmingham, AL
Replied

I sublet rooms in a home when at Auburn with my husband.  We had a few bad matches.  It can get messy.

If you are having to share communal space.  A month to month leases would let you quickly remove a bad match.

I would also recommend you do more than one interviews with a person when screening.  Make it social, you are getting roommates not tenants. 

Mike Williams is a local land lord and Lawyer.  Reach out to him.  He could help you with a lease.

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