What To Do Before Renting Out Your Property

Home Rental Tips

REMA will do everything we can to help you rent your home, but here are a few things you can do to help ensure that your home will be rented quickly to qualified tenants:

  1. Make sure you really want to rent your property. This sounds easy enough, but renting your home to others can sometimes be a difficult decision, even if it’s an “investment-only” property. Handing over your property keys to someone else is surely a leap of faith. We understand the importance of this decision, and we promise to do our best to take care of your investment.
  2. Make sure your property is ready to rent. In today’s economic climate, you may find it difficult to rent out the home “as-is.” Be sure the home is thoroughly cleaned, that all scheduled maintenance inspections has been performed, and that any needed repairs are complete. Not only will this help rent your property, it will also help protect your investment, and it shows tenants that you care about the current condition of your property.
  3. Make a list of the “most appealing attributes.” This will help us market your property as effectively as possible and give us the necessary tools we need to ensure that your property stands out above the rest.

 

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How to Resolve Conflicts Between Tenants

I came across this great read on PropertyVista.com discussing conflicts between tenants and resolutions to those issues.  It also discusses the property manger’s role, which was a very interesting perspective.

 

Comment, Like and Share what you think about this article and how you would handle conflict resolution.

Landlords: 3 Great Tips on Lease Clauses

Great advice on leases clauses.  I would add three points:

  1. Lease should contain written, signed move-in condition of the home.
  2. Update and edit your lease constantly.  Steal every good idea from articles, landlords, other leases, court cases.  Customize to match your judge’s thinking and local laws.
  3. Time spent orienting/training the new tenant makes managing easier and more profitable.  We do a “Lease Ceremony” – tell new tenant to allow an hour and get a sitter for the kids.  We review the lease highlights, they initial each critical clause, answer their questions, do a safety walk (breakers, shut offs, filters), handle monies, give keys, and take their picture while happy in a clean home.

 

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Does It Pay to Save Old Tenant Improvements?

Yahoo! Finance posted a great article on tenant improvements to properties and whether they are beneficial or a downfall to making your next sale.  What do you think? Can tenant renovations benefit your next rental opportunity or is it a potential pitfall? 

Comment below and let us know your opinion on this topic.

 

 

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