Rental Documents Needed

[Kieran Dowling]

Hello,

I am getting all my property management documents and software in order before I buy my first rental property so that when I buy it will be a smooth transition, Beside the lease and application, what other documents should I have in my files so that i am prepared (pet agreement, inspection checklist etc.) . If anyone could shed some light or give me a resource to learn from it would be much appreciated.  

[Nathan Gesner]

Quote from @Kieran Dowling:

There are too many forms, checklists, or letters to list here. You can learn by reading some books or wait until life hits you with a problem and then try to solve it.

I recommend you buy "Every Landlord's Legal Guide" by NOLO. Written by attorney investors, it's full of practical advice about the management of investment property, has sample forms that can be edited, and - most importantly - tells you what your primary state laws are and where you can read them. It's updated yearly and is the best $40 you'll spend as a Landlord. There is one book for 49 states and a separate book for California.