1st House Hack Renting Rooms

[Drew Harris]

Hey BP,

I'm in the process of purchasing a 5 bedroom 2 bath property owner-occupied. I'm in the Fort Worth, TX area. Any guidance on the following would be really helpful for me as a newbie in this:

1. What is best tool/software to screen tenants?

2. The best way to approach utility splits?

3. How do you handle the necessities splits Dishsoap, Laundry Soap, Household cleaning supplies?

4. Typical increase in insurance costs?

5. Best practices for common areas?

6. Posting house rules (yes will have in the lease but...) signs in common areas is it too much? 

7. Handling tenant guest's rules?

Sorry if this a lot but anything else you I may have forgot please drop the fruit of knowledge from your tree! Also if anyone is in the DFW area I would love to connect. 

Thank you in advance!