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Updated over 5 years ago, 04/04/2019

User Stats

25
Posts
11
Votes
Mike Akerly
  • Rental Property Investor
  • Los Angeles
11
Votes |
25
Posts

First Time Landlord in Inglewood - What do you ask for in an app?

Mike Akerly
  • Rental Property Investor
  • Los Angeles
Posted

Hi Bigger Pockets - I'm renting out my first property in Los Angeles (Inglewood actually). It's a SFR that I purchased last year, moved into, and renovated that's now ready for the rental market. I've been a landlord in other cities (e.g. NYC), but not here, and I wanted to ask locals about their best practices.

I'm using SmartMove for the application process.  What supplemental materials do you typically ask for?  Paystubs, letter of employment, bank statements, etc.?

Secondly, do you use the CAR residential lease?  If so, is it known to be landlord friendly or are there typical provisions that are commonly added as a rider to protect landlords?  Kind of wondering if there's a generally known opinion about how good this lease is for landlords.

Lastly, are you using any online tools for collecting rent and/or managing the landlord/tenant relationship?  Any great services out there that you recommend that make it more convenient for all involved? 

Thanks in advance, I appreciate any advice! 

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