**Title: How to Manage Your Rental Property: 5 Tips for New Landlords**
**Introduction:**
Finally got my first rental property, now what?
**Tip 1: Building a Solid List of Contractor Contacts**
– Utilize local Facebook contractor groups
– Ensure reliability and quality of work
– Research and ask for references and examples of past work
**Tip 2: Having a Solid Boot on the Ground Team**
– Find a trusted “runner” to manage property tasks in your absence
– Consider the use of real estate agents for professional assistance
**Tip 3: Taking Amazing Photos**
– Hire a professional photographer for high-quality images
– Stage the property for appealing marketing visuals
– Enhance photos to attract potential tenants
**Tip 4: Screening Tenants Properly**
– Conduct background checks and credit score analysis
– Check for consistent rental history and good references
– Avoid discriminatory practices and illegal tenant discrimination
**Tip 5: Having All Paperwork in Place**
– Ensure robust rental agreements and move-in checklists
– Keep detailed documentation of all transactions and expenses
– Consult with a real estate attorney for legal advice and proper contract structuring
**Conclusion:**
Managing your own rental properties can be simplified with the use of property management software, such as Zebo. By implementing these tips, new landlords can effectively manage their properties and ensure profitability.
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