The Basics of Managing a Rental Property

Managing a rental property can be a complex and extensive process. In order to make real estate investing more passive, it's important to hire a property manager. However, if you are just starting out, you may want to manage your rental property yourself. 

Rental Strategies

• Who is your target rental audience?

  • Market Renters

  • Section 8 Renters

  • Travel Nurses

  • Room Renters

  • Student Rentals

  • Short term Renters

  • Corporate Leases

Get Licensed

• Basic Business License

• Rental Property License

• Short Term Rental License

Simple Guide to Managing Rental Property

1. Prepare Property for Rent (e.g. safety, inspections, electronic locks, security, etc.)

2. List property on marketing websites

3. Screen Tenants and Show Property

4. Draft Lease and Move in Documents

5. Collect Security Deposit and Move In Tenants

6. Establish Maintenance Request Process

7. Set Aside Funds for Repairs and Capital Expenditures

8. Set aside funds in case you decide to hire a property manager down the road