1 Year completed with rental property

oklahoma city, OK · Member since 2025 · 31 posts · 16 votes

I have completed my first lease and used a property manager. On the next lease I plan on managing myself with no background. Where is the best place to create a lease agreement?

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Michael K GallagherBusiness Member

Real Estate Agent · Columbus OH · Member since 2018 · 1k+ posts · 1k+ votes

11mo

@Brandi Smith big congrats on doing the 1 year! big fan of managing yourself. Are you local to the area? if so that is ideal and in my opinion the best way to handle things! good luck, and its all pretty logical, just do the work upfront to verify information and you'll find a great tenant.

[email protected]614-362-2231

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Investor · Toledo-MetroDetroit-Dallas · Member since 2022 · 122 posts · 71 votes
11mo
@Brandi Smith,
Here is a decent one from oklahoma.gov
https://oklahoma.gov/content/dam/ok/en/orec/documents/contra...
It has a section for additional conditions so be sure to add anything specific to your property
Be Well!
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Michael SmytheBusiness Member
Real Estate Agent · Metro Detroit · Member since 2023 · 4k+ posts · 3k+ votes
11mo
@Brandi Smith you may also want to research the links below if you plan to DIY landlord:

Oklahoma Residential Landlord and Tenant Act | Welcome to Legal Aid Services of Oklahoma's guide to free legal help in Oklahoma.

Microsoft Word - Landlord and Tenant Act Update 11-1-19.doc

Logical Property Management4.9453 Reviews
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Michael K GallagherBusiness Member
Real Estate Agent · Columbus OH · Member since 2018 · 1k+ posts · 1k+ votes
11mo
@Brandi Smith big congrats on doing the 1 year! big fan of managing yourself. Are you local to the area? if so that is ideal and in my opinion the best way to handle things! good luck, and its all pretty logical, just do the work upfront to verify information and you'll find a great tenant.
[email protected]614-362-2231
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Rhett TullisBusiness Member
Property Manager · Oklahoma City, OK · Member since 2013 · 1k+ posts · 617 votes
10mo
There are a few facebook groups of self managers in the metro you might want to join. It can certainly work but it is by no means a passive investment/experience. Be ready for calls and comments you may not want from time to time. With one rental it is a bit easier on that end but the repair side becomes an issue as many vendors focus more on serving the high volume clients and put you further down the list so get a good network now! Best of luck and feel free to reach out if you get stuck.
[email protected]405-283-6522
Integrity Oklahoma
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- Brandi Smith
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  oklahoma city, OK · Member since 2025 · 31 posts · 16 votes
  5mo
  
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Natalie KolodijBusiness Member
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Tax Strategist| National Tax Educator| Accepting New Clients · Member since 2014 · 3k+ posts · 4k+ votes
5mo
As a tax pro I see a ton of people talk about getting an LLC and putting a ton of time, money, emphasis on that.

But honestly over the 10+ years I've seen investors be protected way better from a good lease than an LLC. There are lots of standard lease options online -but sitting down with a knowledgeable REI attorney in your state to create/review a lease may be worth it as a newer investor.
Podcast Guest on Show Pay Less Tax to the IRS This Year With THESE Real Estate Tax Strategies
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