Check local landlord-tenant laws and rental regulations
Confirm your mortgage, HOA, and insurance allow renting
Decide whether to rent furnished or unfurnished
Set a competitive monthly rent based on comparable properties
Calculate all costs, including mortgage, taxes, insurance, repairs, and vacancy
Prepare the house by cleaning, repairing, and making it safe
Install or verify working smoke and carbon monoxide detectors
Take clear photos of the property
Write a detailed rental listing with key features and rules
Advertise the property on rental platforms and local channels
Create tenant screening criteria
Collect rental applications from interested tenants
Run credit, background, employment, and rental history checks
Verify income and references
Follow fair housing laws during screening
Draft a lease agreement with all terms and responsibilities
Include rent amount, due date, late fees, deposit, and lease length
Specify maintenance, utilities, pets, smoking, and occupancy rules
Collect the security deposit and first month’s rent
Conduct a move-in inspection and document the condition
Hand over keys, access codes, and emergency contact information
Set up a system for rent collection and recordkeeping
Respond promptly to maintenance requests
Keep the property insured and inspect it periodically
Track expenses, income, and tax documents
Follow proper notice and legal procedures if ending the tenancy