House Hacking and Rental Agreement

[Roger S.]

Hello everyone, 

This is my first post. I've enjoyed listening to Bigger Pockets for a long time and just purchased my first home. I decided that I want to house hack, to add some additional income. I live in Los Angeles County and there are a lot of laws protecting the renters. What are some things i should put on the Rental Agreement to protect myself form rentals not paying or etc...And what are some tips to create a successful rental income.

[Rick Albert]

There are a lot of resources out there you can use. Check out https://aagla.org/ to see what leases they have. Then from there add an addendum with ALL of the rules. This includes quiet hours, laundry uses, backyard uses, etc. You want to make it crystal clear how it is to live there. Even so much as to put all trash in trash bags rather than just throwing it away.