Advice for investors on their first rental
After 6 months, 50+ properties analyzed, 10+ property tours, and 2 offers, I am finally under contract to buy my first rental property in Omaha, NE! A 3BR/1BA in Midtown near UNMC and the VA hospital.
While I feel like I have learned a ton about finding deals, I am starting from scratch on how to find tenants, how to screen them, what little things to include in a lease, how to run credit checks, etc! Other than reading one of Brandon Turner's books, I am looking for advice in the following areas:
- Good sources of rental apps and leases (NE is not available through BP yet)
- Non-standard items to include in a lease or app that can be a real lifesaver (pest control, charges for clogged drains, etc)
- Free/cheap/effective places to post my listings besides FB and Craigslist
- How do I run credit checks for applicants?
- Tips for collecting rent (Can I use PayPal / Venmo for convenience and avoid paper mail?)
- Other things a 1st-time landlord needs to know but does not think about.
Thanks in advance for all of your input!