Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 over 11 years ago,

User Stats

40
Posts
1
Votes
Harry Campbell
  • Los Angeles, CA
1
Votes |
40
Posts

First Time Landlord: Am I Doing It Right?

Harry Campbell
  • Los Angeles, CA
Posted

Hey All,

So I've decided to rent out my property. I'm moving out 8/1 so I listed it on the high side to start at 2k/mo. A guy came in with his girlfriend and looked at it yesterday and the most he can do is 1900/mo, which is fine with me since it's still on the high side of what I think it's worth.

I had him fill out a bunch of pre-screening questions that I pulled from this forum like intended stay, why are you leaving current place and everything checked out. I had him fill out a rental app and had him to do an experian credit check and everything looks good. He is a self employed realtor making 4,000 a month, she works in an office environment making 2,600.

Here are my questions:

1. They want a 2 year lease, good idea or bad idea?
2. Since he's self employed should I ask for tax return and w2 or paystub from her?
3. Should I have both sign the lease? If so, should I do credit check on her too or just him?

Thanks!

Loading replies...