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6
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Paige Seeley
6
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5
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First rental property guidance!

Paige Seeley
Posted

I'm closing on my first investment property this week! Since this is all new to me, I'm looking for some advice and I had some questions about self-managing the property. 

1. Would you recommend periodic check-ins at the property to assess for upkeep and potential maintenance issues? if so, how often if the tenant has a year lease?

2. Best way to handle maintenance requests from tenants

3. Since I'm only at 1 property right now, bookkeeping should be fairly simple. But any recommendations on a system? 

4. Best way for collecting rent, security deposit, etc. with 1 property. I was thinking of offering Zelle, Venmo, cashier's checks as options- I want to try the inevitable situation of having a personal check bounce.

5. what platform would be recommended for a lease generator? I know bigger pockets offers their own but wasn't sure if anyone had any experience with using those documents and if it's worth the money?

6. I thought about offering a credit towards the utilities and having the tenant cover whatever the remaining monthly utility bill would be as an incentive to hopefully rent this property faster, any thoughts or recommendations on this?

Thanks everyone! 

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