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Updated over 3 years ago,
Should I make my brother sign a lease before moving in?
Hello, I am new to real estate and still finding ways where I can learn more such as reading and listening to podcasts. Recently me and my fiancé just bought a house and his brother is planning on moving in come September. I thought this would be a great opportunity to start practicing on becoming a landlord for our future buy and hold properties. I was wondering if it would be a good idea to write up a lease and have him sign it? Will this lease and rental income count as landlord experience in the eyes of a mortgage company?