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DO
  • Verify ownership.
  • Request a credit report and a background check.
  • Inspect the property. Carefully document its condition.
  • Hire an attorney to help you complete a rental agreement.
  • Consider an escrow for 1st and last months’ rent.
  • Build trust. Take the time needed to build a relationship. Get to know the other person. Start with e-mail and chat before exchanging addresses and phone numbers. Take appropriate precautions. Make this a positive experience, treat each other with respect.
  • Discuss all your expectations in detail. Who will be responsible for repairs and maintenance? Do you require a damage deposit? Are there additional costs, association fees or special assessments?

 

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