Hello All,
I am planning on buying a multifamily property and living in it for 1-2 years before it becomes solely a rental property.
I am fine with self managing.
I would however like to have somebody prepare the lease documents, find/screen the tenants and work with me to make sure that I set up the whole tenant/landlord situation/relationship correctly/well.
The kind of arrangement I am looking for:
-I would like to have some input into the content of the lease.
-Review all of the information gathered by the leasing agent (background checks, rental history/references, credit status etc.) before a decision is made as to who becomes my tenant.
-Work together to set up rental deposits accounts.
-Make sure that I am following the law in terms of terms and information extended to the tenant.
My Questions:
-Is the above relationship typical with an owner and leasing agent?
-How does one go about choosing/vetting a potential leasing agent?
-Where would one go looking for a leasing agent?
-Is a leasing agent the right professional to seek for the above role?
Note:
I kindly ask that nobody use this post as an opportunity to solicit.
I am just trying to educate myself :-)
Thanking you all in advance for any help/advice that you can provide.
P. Quaid.