Landlord tips for your first rental property

Run credit and background checks, verify income (3x rent rule of thumb), and contact prior landlords.

Apply screening criteria consistently to comply with fair housing law.

Never rely on handshake deals. Cover rent, deposits, maintenance, pets, and termination in writing.

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Respond to repair requests promptly. Deferred maintenance leads to bigger costs and legal exposure.

Schedule annual inspections with proper notice.

Carry landlord insurance (not just homeowner's). Track income and expenses for tax reporting.

Consult a CPA and attorney for entity structure and local compliance.

AgreementKit templates are for informational purposes only and do not constitute legal advice. Laws vary by state, province, and country — consult a qualified attorney before signing any lease or bill of sale.