Being a newbie landlord

[Elsa M.]

Hi everyone, I'm from Illinois and will be purchasing my first rental property very soon. Where do you guys recommend finding tenants? And what paperwork do I need, as far as lease agreements, applications etc.. And where do I get it?  Can someone please list all the forms I will be needing as landlord?

Thank you in advance!

Elsa

[George Skidis]

Check out the Chicago Creative Investors Association (CIA) run by Jane Garvey. The meet on a Sunday night near Lombard. Great place to network, hear great speakers and pick up tips. I run a similar group in southern Illinois which is too far from Wheaton for you to want to drive down.

Be careful where you buy your forms. What works in Springfiled or Rockford WILL NOT work in Cook County.

Get a pre-paid legal insurance plan like LegalShield. That way you can ask an Illinois attorney any question you want and get good legal advice.

PM me for more information about LegalShield. My contact information is below.

What can be more important than finding tenants. SCREENING applicants. We use Rent Perfect which does a nationwide credit, criminal and residency search. 

If they pass the screening go see where they live now. That is the best picture of how your home will soon look. 

We accept Section 8 applicants and have had no problems because we screen heavily. If you are willing to try this contact the local section 8 / Housing Authority near your property

Good Luck and Good Investing.