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Updated almost 5 years ago on . Most recent reply

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62
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7
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Syed Shah
  • Northern Virginia
7
Votes |
62
Posts

First Time Landlord - Precautions?

Syed Shah
  • Northern Virginia
Posted

So living in a townhouse in Northern Virginia and will be moving out, so planning to rent out the existing one.

Have been reading about it and have few questions:

1- All appliances work, paint is in reasonable condition, as well as the carpet. Should I replace all these things before renting out or just ensure they are functional?

2-HOA, should be combined into the rent and I take care of it? So there are no delinquencies?

3-In terms of basic maintenance, should I add anything in agreement that I'll take care of it on quarterly basic or a basic inspection on a yearly basis or legally not allowed? Or add in the contract to be a responsibility of the tenant?

4-Was planning to post online as a rental and then do screening based on it, would that be a right approach for the first one?


If there are any tips or advise, would really appreciate it. Thank you all.

Most Popular Reply

User Stats

23
Posts
18
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Gio Corpus
  • Realtor
  • New York, NY
18
Votes |
23
Posts
Gio Corpus
  • Realtor
  • New York, NY
Replied

I agree with @Bjorn Ahlblad If the numbers work the best is to hire PM to alleviate stress and could even help you focus on more investments.

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