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Updated about 4 years ago, 09/21/2020
Just bought our first rental property! Now what?
Hi BP community,
My fiance and I just purchased our first rental property in Charleston, SC. We paid all cash for a 2BR, 1.5BA townhouse about 10min from downtown. It's in great shape / turn key. We setup an LLC and will transfer the title there. I purchased Brandon Turner's Property Management book and plan to read that ASAP.
However, any additional advice as to how we can best set ourselves up for scalable success? Specifically, where can we find a comprehensive draft of a leasing agreement? Anything else we should be doing proactively? We close next month and will immediately start accepting applications and screening tenants.
Thank you!
Best,
Will