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Updated over 4 years ago on . Most recent reply

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62
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7
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Syed Shah
  • Northern Virginia
7
Votes |
62
Posts

First Time Landlord - Precautions?

Syed Shah
  • Northern Virginia
Posted

So living in a townhouse in Northern Virginia and will be moving out, so planning to rent out the existing one.

Have been reading about it and have few questions:

1- All appliances work, paint is in reasonable condition, as well as the carpet. Should I replace all these things before renting out or just ensure they are functional?

2-HOA, should be combined into the rent and I take care of it? So there are no delinquencies?

3-In terms of basic maintenance, should I add anything in agreement that I'll take care of it on quarterly basic or a basic inspection on a yearly basis or legally not allowed? Or add in the contract to be a responsibility of the tenant?

4-Was planning to post online as a rental and then do screening based on it, would that be a right approach for the first one?


If there are any tips or advise, would really appreciate it. Thank you all.

Most Popular Reply

User Stats

23
Posts
18
Votes
Gio Corpus
  • Realtor
  • New York, NY
18
Votes |
23
Posts
Gio Corpus
  • Realtor
  • New York, NY
Replied

I agree with @Bjorn Ahlblad If the numbers work the best is to hire PM to alleviate stress and could even help you focus on more investments.

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