When house hacking, how do guys you handle the lease, rent, etc?
I'm beans new to real estate--I'll be closing on my first house next week and I'll be house hacking it, so this question is specifically about renting out rooms in your own house (as opposed to like a duplex).
1) How do you advertise the room so that you get quality applicants?
2) Do you do a credit check on them or any other screening?
3) Do you do a full on, official lease the same as you would with a regular property?
4) How do you manage the rent payments? What system do you use to accept payments, or do you just take cash?
5) Do you give them official, itemized receipts every month? If so, what do you use for those?
6) How do you take maintenance requests?
Do they just tell you?
7) How about parking? Do you charge extra for parking in the garage?
Sorry for all the questions, but I appreciate any help!