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Updated about 5 years ago on . Most recent reply

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Kenny Hoang
  • New to Real Estate
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Students Rental Beginner Questions

Kenny Hoang
  • New to Real Estate
Posted

Hi Biggerpockets Community,

I am a complete beginner and want to start on the right path. I have been reading the BP books and reading the forum post. I currently live in a home that I bought last year, it is roughly 1.5 miles away from a professional college. I have 3 vacant rooms in my home that I want to rent out to students but I am not sure how I should approach this. Any advice from the community will be greatly appreciated! 

What I have done: 
I've checked out the rental rate near my area.
Look at Facebook ads and craigslist ads for rental near me to calculate my price.

Questions I have:
What type of tools did you use to draft your rental lease form?
Which sites/resources do you find most successful to find tenants?
Should I furnace these rooms and charge extra rent or leave it un-furnace?

Thank you very much for your input in advance!

-Kenneth

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