On a similar note, one thing to pay attention to with PMs is the security deposits.

Security Deposits:The property management charges tenants a "move-in" fee rather than a security deposit.

Be interested in what your thoughts are to include this in a lease (needs to be maintained to some defined degree of cleanliness rather than waiting until move-out and deduct cleaning charges from their deposit).

We play games called, "lets show the property to a perspective tenant" and "lets go to closing together" and "lets deposit money in your bank account" and "lets review your college fund investments".

Also greatly important are quality contractors at great prices who won't disappear with your 50% deposit.

Deposits are not classified as income.

My list includes - last 2 years employment history and current employment [2 paystubs], criminal checks, eviction checks, No Pets, No smoking, tenant pays utilities, maintains landscape, no subleasing, bring own washer & dryer, 1 month security deposit and transfer of utilities before moving in, rental insurance, all occupants will be on lease, notice period of 2 months for termination, tenant references, No cosigners, no painting walls, late fee notice, any hoa fines should be paid by tenant, inspection of property at 3, 9 and 12 months.Please let me know if I am missing anything.3.

CfD is a legal contract between you and a buyer (aka your tenant) that states for $x down (secuirty deposit) and $x a month (monthly rent) for x months, they can live in the home.

For example an Uber driver might show $4k per month in deposits, BUT that doesn't factor in their EXPENSES such as fuel and maintenance which might be $1k per month.

Who deposits rent in multiple accounts from one building?