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Guide for First Time Rental Property Owners

Hunterrental
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Guide for First Time Rental Property Owners

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  1. Guide for First time Rental Property Owners Investing in rental property is a great way to earn income. Below is a short guide to help rental property owners prepare for their first rental property. Conduct market research to understand what type of rental homes are in demand, population growth trend, current rental rates and desired amenities in the region. 1 Understand rental laws for tenant eviction, licensing requirement (if any), property taxes and the inspection 2 process. Maintain a detailed statement of accounts for property income and expense tracking. 3 Consider if you want to allow pets. Weigh the benefits of allowing pets versus 4 a no pet policy. Create a tenant screening checklist and document the screening process. 5 Create a Tenant move out inspection checklist. Document the move out process. 6 Engage a professional rental property management company if you want all of the above taken care for you. 7 www.hunterrentals.com Hunter Rentals & Sales 1503 W Stan Schlueter Loop, Killeen, TX 76549 Phone: (254) 634 - 3311

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