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[quote=Anonymous]Landlord here. Two homes I rent out. Trust me when I say, manage it yourself if you can.

The biggest piece of advice is to make sure you properly vet your tenants. Including background checks, credit score checks, prior rental history, etc. Zillow actually has a great site and setup for this and for background checks. Trust me when I say, HAVING GOOD TENANTS IS KEY!! If you have a bad tenant who either pay late or put no effort into maintaining your property, you will have problems. I’ve had to take tenants to court and to evict because I chose a tenant with a sob story,  years ago, and she ended up screwing me pretty badly. Don’t rent based on emotions, it will cost you. Ultimately, they should treat the home like it’s their house, not just a home.

Also, it’s wise to have a great maintenance person on standby. Someone who you can call up and make themselves available within 24 hours and that you can trust. But to void this, just ensure you have properly working appliances before renting out. Doing a check in that, furnace, water heater,  HVAC, cleaning dryer vents etc NOW will save you in the long run vs not checking this out at all and having your tenants call you up for issue after issue.

Property management companies are a waste of money IMO and often do nothing but inform you until a month or so after the fact that something is wrong. It’s such a hassle.

This is just my experience. However, I’m sure others have it differently. Good luck!! [/quote]

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