New House hacker here: How do I create a lease?  What must be included and what is un necessary?  Do I need an attorney to draft one?  Please advise.  I appreciate your help and comments.

@Rachel Van Huyssteen Do you have your rental criteria determined? Pets allowed, Evictions? Credit score? Monthly income 3x rent? Criminal record, are you allowing non violent misdemeanors,  You need to follow your rental criteria or you my end up in a fair housing lawsuit. Now onto the lease. BP has state specific leases which you need. There might be a local landlord association that would also have leases. Go to the Books section and go to landlord packages. Read the tenant screening the ultimate guide.

I am brand new to having tenants.  I don't have rental criteria determined.  Initially I would say: 1. No Pets. 2. Credit score must be in good range. 3. Evictions: If month is past due date, you will have 3 business days to pay or you will be evicted. 4. Initial deposit will be $500  If you move out and nothing is damaged, you will gain your deposit back. 5. Monthly income must be 3x rent cost. 6. No individuals with criminal records.      Regarding the lease: What is BP?  This will be in Nevada, FYI

@Rachel Van Huyssteen if you are going to ask clarifying questions or wanting to thank some one, you need to learn to tag. Use the @ sign and start typing their name. Double click it will populate the comment box in blue and they will be notified. 1 you just eliminated half your tenant pool. 2 what is a good score? 540,600,850? 3 Evictions  mean will you take someone that has had evictions 4 deposits may be set by the state legislature on what you can charge. Read your landlord tenant rules. 6 not allowing any one convicted of traffic offenses. you might end with a narrow tenant base.

@Rachel Van Huyssteen Welcome to Bigger Pockets (BP = Bigger Pockets). When I first started out I was able to borrow a lease from another landlord in my area. Hopefully you’re able to find a local landlord who can help you out with that as each state requires slightly different information. If you are not able to find a local connection, I would email you my template. Feel free to reach out if you’re interested or if you have other questions. I love seeing new investors decide to take the leap and I wish you nothing but the best. (Though there will be issues along the way.)