Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 about 7 years ago on . Most recent reply

User Stats

178
Posts
187
Votes
Aaron Millis
  • Rental Property Investor
  • Montgomery, AL
187
Votes |
178
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
Posts
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.

Loading replies...