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First time landlord, need advice

Hi everyone! Just bought a home in Southern California that is actually 2 properties. Front unit is 3bed/2bath, back unit is 2bed/1bath. I intend on renting out the back unit, and after some renovating expect I can make at least $2200/mo from it. Now that the excitement is wearing off I’m getting stressed about wanting to do this right. Here’s what I have so far:

  1. Post listing online
  2. Ask interested people for an application and run a background check. What website do I use for this? Anything specific I should look for in a report?
  3. Do a pre-move in inspection with the tenants. Is there an official source for this form or should I create one?
  4. Tenants need to sign a lease. Where do I get an up to date lease that follows all California law?

And do you guys have any other tips? Any and all info is appreciated! Thank you :)

Edit: A big worry of mine is a tenant who stops paying rent/finds some legal loophole way around it since California is very pro renter. I really need the rental income to live comfortably. Idk if there’s a trick anyone knows to get around this. Looking for someone with a really high credit score? Requiring first & last months rent before move in?

submitted by /u/AbleIce6320
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/xs4qs6/first_time_landlord_need_advice/
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