Hello Owner seeking to rent,
I had rented many clients home for them over the years for the first month's rent as compensation. My internship after college was as a property manager of a 13 unit apartment building for 3 years. Most rentals I worked with were build prior to 1978 with Lead Based Paint. They needed a MDE 330 form issued by a state inspector after a qualified painter sealed the risky lead based paint. They also needed a Lease which we had from our business as well as mandatory forms such as Protect Your Family from Lead Based Paint in your home, the disclosure form. Most people asked for a cleaning service to clean between tenants as well as a handyman to do minor repairs which we had in our business for all clientele. I also worked with public housing assistance which have there own set of regulations which in my business, we had to comply with Fair Housing.
Although I think the main reason I helped Owners rent there house was to add there listing to the MLS for agents and consumers to see for professional exposure as well as to do the intake of potential renters. I collected applications. Screened the potential tenants. We then presented the owners the candidates and they selected which they wanted. Then the Agent met with the tenants and got the lease signed. Further, when the tenants moved in or out, the agent helped transition the parties when it was essential to have a smooth move without conflict.
You can do your 1 rental without a real estate license. Yes, go to the State of Maryland http://www.oag.state.md.us/Consumer/landlords.htm
Just consider how much your time is worth vs paying one month rent to have a professional take care of these things for you.
Jennifer Wang, REALTORÂ®, Buyer Specialist
The Landmark Group at Real Estate Teams, LLC