Subletting an apt for additional cashflow?

[Phuc Hoang]

Hi Biggerpockets,

Can someone educate me on how subleasing a single apt works and is it a good idea to generate additional cashflow? This is my general idea of how it works but I could be totally wrong.

1. Find potential tenants for the area you want to sublease
2. Sign a lease a 12 month with the option to sublease
3. Sublease the apt to a tenant for more rent after credit/background check
4. Reacquire initial deposit and collect the difference in rent monthly

I'm from Philadelphia, PA and I'm not sure how the process totally works. I know that since I'm subleasing the property I assume the status of landlord. I am liable to collect rent on time and my original lease is still in affect. However, do I also have to act as the property manager if an issue occurs with the tenant? Do I have to take care of the maintenance? How about the taxes?

Subleasing usually works if you or one of your roommates resides in the apt but needs to move out at an earlier date then you go find a substitute. I want to know if it's possible to sublease an apt if I never intend to live there. I know I'm missing a few things here. Thank you for your help.

Phuc Hoang