1. Do I have access to credit reporting agencies who will do a full report on any prospective applicants who may want to rent my house? You want to make sure they have a history of making payments on time so they will with you as well.
2. Do I know the law in regards to the procedures to evict a tenant if necessary?
3. Have I done a market research to find out what would be a good price to rent? You don't want it to high so it doesn't rent out or too low where you are losing money?
4. Can I do repairs as needed? Most likely tenant calls with problems will be in the evenings and on weekends. Will you have the time and expertise to do them?
5 When a tenant moves out, do I have the time to do the clean-up as needed and know what my rights are as a landlord to keep funds from a security deposit?
Being a landlord is a business and that is why you need to know what you are doing. Or you need to hire a licensed property manager who knows how to handle each of these questions.
IF you have any additional questions contact me
Better Homes & Gardens Real Estate- Bradfield Properties
Changing Real Estate Dreams into Reality Since 1985
Wilson "Hoppy" Cantwell is one of only 4 Certified Property Managers in SA. His website is http://www.homelocatorsrealty.com/
Hope this helps.
Doc Stephens, REALTOR