Everything from marketing via Zillow, Realtor to leases digitally signed, to rent collection to my bank account, works without much training or help needed. we also use Innago for 25 units. 

Some investors offset that by offering furnished units and setting clear lease rules.

Reviewed and replaced all leases.

Hello BP community,
I have a 6 br home in stone mountain, with finished basement. Originally I wanted to operate a personal care home, however would much rather rent the home to an operator with hopes to negotiate hi...

See below for some of our thoughts:Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

Time of year when you're leasing a student rental is important so if you're planning on getting one this year I'd start looking sooner than later just so you have time to lease it up for next school year.

First, look to your lease. 

any analysis or document or presentation or calculator that shows cash flow in the first year - anyhere - Alaska, Ohio, California - just doesn't account for many of the costs associated with purchasing, renting, and owning: closing costs, rent ready costs, lease out costs, first year repairs and stabilization. 

We are setting up a lease-to-own option on a property we have recently purchased, and the agent says we should pay both the buyer's and the seller's agent commissions.

Here’s some solid advice for getting started with long-term rentals:Before Renting It Out:Know Your Local Landlord-Tenant Laws: Research your state and local regulations on lease agreements, security deposits, eviction processes, rent increases, etc.Set the Right Rent: Look at comparable rentals in your neighborhood to ensure your price is competitive.Factor in ALL your costs: mortgage, taxes, insurance, maintenance, vacancies, etc.Screen Tenants Thoroughly: Always run credit and background checks., Verify income (a common standard is 2.5–3x the monthly rent).Create a detailed application form and stick to your criteria to avoid fair housing violations.Have a Strong Lease Agreement: Don’t use a free lease you found online without customizing it.Include clauses for maintenance, rent due date, late fees, number of occupants, pet policy, and rules about the property.