Future Newbie Landlord /W some Questions. Advice Needed!
Hello all, so I have some questions as a future Landlord that I am just trying to figure out.
1) I am interested in a property that is a Short Sale and Utilities are currently turned off. If I do end up buying the property what steps should I immediately take next? Do I turn on the utilities? Will I be paying for utilities until I find tenants to move in? How does this process work exactly, quite confused here.
2) How soon to I start looking for tenants? Should I do it myself or use a realtor?
3) How do I collect rent as a newbie landlord? Should I use a website or go in person and collect?
4) How do I create a lease agreement? What terms do you put in it? Some common things that should be in the lease agreement so to speak.
Any other tips/advice welcomed! Thank you!