Hello Mustachians,
I will be renting out my current residence starting this summer, and while it seems rather simple, the more I think about it, the more complicated it seems. I was hoping to get some advice from some veterans on my first property.
Quick background - Its an apartment in a building downtown in a mid major city, target market is a grad student or a young professional.
Lease - Is there a standard lease document, at least to start with, out there on the internet? If so, where? What do you add to a "standard" type of document.
Advertising - I don't think its difficult to find a tenant, in the area Im in, but what methods do you use? Craigslist?
Credit Check - Do you do them, and what tool do you use to run them?
Preparation for tenant - Should I do things like get the carpet cleaned and get a fresh coat of paint on the walls?
If theres any other consideration I may not have thought of, let me know!
Thanks!!