Hello, newbie landlord question here: Is it common to require first month's rent, last month's rent, and a security deposit for new tenants?

Running background checks on tenants, criminal, eviction, employment history are some way to determine if this is the right tenant for you. 

Plenty of renters and although home to a state school the town does not feel seasonal due to the other major employers.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Zoning varies, so always check the local regulations for your specific needs.Financing: While cash purchases are common, financing options are available through local banks and credit unions.

Thanks for the reply, job and employment data is should help me determine upcoming demand.

I live near my properties and still would employ the same systems as I have a day job and can't be there much anymore.

Some common paths are single-family rentals, multifamily units, house flipping, or short-term rentals.

But I think they'd be around $4,800 (conservative estimate).Seller is also claiming there are no common electricity at all- which is hard to believe, considering there's common gas, water and sewer. and most likely a common area electricity.

@Kevin Hubbard, There's several commonly used tactice 1.