help with putting first home up for rent on my own.

Member since 2022 · 30 posts · 5 votes

Hello friends, Im working on my second rental but the separation of this one and my first rental is that my first had ALOT of help from a realtor but with fees. Im looking for help on putting together rental contracts as well as screening tenants on my own. Would anyone happen to have any resources you use to do this on your own in order to remove a realtor from this process?

1 Reply

137 views

5 Replies

Jump to latestLatest

Sort by

Denver McClurePro Member
Financial Advisor · Flower Mound, TX · Member since 2018 · 661 posts · 480 votes
6mo
Hey @Alex Guerrero, I do that for a large amount of my portfolio in Dallas. Feel free to DM me and we can chat sometime about the process.
[email protected]
0 Reply
Bruce Lynn
Real Estate Broker · Coppell, TX · Member since 2011 · 5k+ posts · 4k+ votes
6mo
Quote from @Alex Guerrero:

Hello friends, Im working on my second rental but the separation of
There must be a hundred or maybe a thousand services to check backgrounds and credit. You just need to sign up for one. I'm not sure but it wouldn't even surprise me if bigger pockets does not have a vendor for this that you can use.
As far as contracts you need to get a lawyer. To me this is not a DYI effort on contracts or rental agreements. Every single one I've ever seen that a individual owner has filled out or found that Home Depot or OfficeMax or online is full of errors and not complete. And they're normally not filled out correctly so they're just trash if things get going tough. The last one I saw a couple months ago was so bad I don't even think any JP would enforce any of the provisions on it including that it had no signatures. I don't even think it had a place for signatures. I think that's one of the bonuses of using a realtor for a property manager. There's really two great leases in Texas and that's the TAR lease or the TAA lease. The trick is you can't use those and they're not valid if they're not done by a realtor or a member of the TAA. Those leases have been tested and tested and tested and they get revised every time there seems to be an issue or a tenant find some kind of work around. They're created by lawyers a committee of lawyers and practitioners. Don't use just any lawyer make sure you use the board certified real estate attorney in your area. Make sure whatever draft they give you initially you read probably a dozen times before you put it into use. No that thing backwards and forwards and if there's anything you think is missing get them to add it.

good luck and best wishes.
0 Reply
Melanie ThomasBusiness Member
Real Estate Broker · San Antonio · Member since 2022 · 1k+ posts · 491 votes
6mo
Happy to share my screening criteria, shoot me a message.
Screening is everything and not something you want to get wrong. One bad placement can wipe out months (or more) of profit. Happy to point you in the right direction. Good luck & happy investing!
[email protected]
RentWerx Property Management4.73215 Reviews
Website View Page
0 Reply
Ryan D.
Investor · Portland, OR · Member since 2026 · 67 posts · 35 votes
6mo
I self manage all of my portfolio. I think I do a much better job thanks to my techstack. I can share how I screen all of my tenants, my criteria, my way of communication, where I market my rentals and etc. DM me.
0 Reply
David Spurlock
Real Estate Agent · OH · Member since 2022 · 84 posts · 25 votes
6mo
For me, I require that the tenant make 3x the rent (Gross), 600+ credit score, and no evictions. You can use any platform to advertise it, Zillow, Facebook Marketplace, Homes, Trulia, etc. For leases, you can reach out to a real estate lawyer and see if they have a template they would sell you.
0 Reply

Join the conversationCreate a free account to reply, vote on answers and follow this thread.