First Time Landlord — What Paperwork and Licenses Do I Need Before Renting My First
Hey BiggerPockets community,
I'm house hacking a 2-4 unit multifamily property
using a VA loan — I'll live in one unit and
rent the others.
My property management LLC (ALTŌRA Property
Management LLC) will handle all the day to day
operations — rent collection, leases,
tenant communication.
My duty station is not confirmed yet so I don't
know which state I'll be buying in.
But I want to be prepared ahead of time so
the moment I know my location I can move fast
and do everything legally and correctly.
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MY QUESTIONS:
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1. Before I rent out my first unit —
what registrations or licenses do I
typically need to get?
Is it just a city rental license or
are there county and state level
registrations too?
2. Do I need any kind of inspection done
on the property before tenants move in?
Who orders that — me or the city?
3. Since I'll be living in one of the units
(house hacking) — does that change any
of the requirements compared to a landlord
who doesn't live on the property?
4. My LLC is currently registered in Florida.
If I end up buying in a different state —
do I need to re-register the LLC there too
or can I operate with the Florida registration?
5. Is there a general checklist you wish
you had when you rented your first unit?
Background:
→ Active duty military — PCS orders pending
→ First rental property
→ House hacking a 2-4 unit multifamily
→ Wife runs the property management LLC
→ Want to do everything by the book
from day one
I know requirements vary by location —
even general guidance from experienced
landlords would help me know what to
look for once my state is confirmed.
Thank you in advance