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Old 01-27-2014, 03:01 PM
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calphi27 calphi27 is offline
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Join Date: Feb 2006
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Solid contract is a MUST. Take pictures & document everything. I have been a landlord, & actually sold my rental last year. I have several clients that self manage & hire PMs. It just depends on whether you want to drive to Broomfield to address any issues.

I keep a below market rent, but ask for first, last & security deposit at move in. The deposit can be spread over the 1st three months, but I like tenants who have that kind of cash & not the ones living paycheck to paycheck. The lower rent brings in a larger pool of potential tenants.

Do a background & credit report check too. I have another PM guy if you want his number.
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