First time landlord advice.

[Derek Markowicz]

Hi, I am moving out of my main residence (single family home) and plan on renting the property out. I have found prospective tenants and doing my screening process (thanks to the advice I have received from the forms). The question I have now is about all the behind the scenes things I would need to do like... 1. Do I need to change my insurance policy? 2. Should I open a separate bank account for all rental income and expenses that will occur? 2a. Do I then pay my mortgage from that account? 3. Where should I keep their security deposit? 4. Lawn care, is it the tenants responsibility? What if they don't take care of it, as I would like? 5. What else am I forgetting? Thank you in advance for all of your thoughts and advice.