Renting out my primary residence

[Kelvin Vinston]

I'm currently deployed overseas and I wanna rent my home out for passive income. I also would need

to find a reliable PM in the area, and a good tenant screening platform. Are there any landlords (previous landlords) with some pro's and con's for me? Also whats a good place to find PM's / Tenant screening sites?

[Jevon W.]

I was in the same boat @Kelvin Vinston. I had to scramble to rent out my primary residence for deployment and I’d say the best thing to do would be to see if your real estate agent knows of any good PMs. Be sure to match these recommendations with customers of the PMs, if possible. I requested that the PMs provide me with customer numbers in conjunction with my own research. Sadly you may still need to fire and hire after all of this but it greatly reduces your risk. 

Some questions to ask (from @David Greene’s book “Long Distance Real Estate Investing”

What experience they have managing rentals personally, how many doors their company manages, how long they have been in business, and what they feel their company’s strengths are, how they collect rent, how they enforce late fees, what systems they have in place to make things efficient, and how long they have worked for their current company.

I hope this helps. 

Very Respectfully,

Jevon