Tenets and rentals

[Jordan Jaramillo]

Hi I’m very new to renting out. Does anyone have a process they use to advertise, screen, choose tenet and set proper expectations to protect themselves they could share?

[Adam S.]

@Jordan Jaramillo

I don’t self-manage but advise new investors to interview property managers in their area to understand their process for screening tenants even if I didn’t go through them. At first, I wasn’t sure whether I would manager or not and told that to whomever I called to keep things above board. Most were helpful (one reason I decided not to manage). I reviewed some of their listings and sample agreements. Given this is a business, I also talked with an attorney to make sure I was covering myself.