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.
1990 FJ62 aka -HOGMAULER
- (OME Med-SR-ARB Bull Bar-SROR Sliders)