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:
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.
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.
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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Great advice on leases clauses. I would add three points:
Lease should contain written, signed move-in condition of the home.
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.
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.
FloridaRealtors.org posted a great article on the newest trend of buyers purchasing vacation homes to make a greater income. Statistics presented in the article showed that 92% of vacation home buyers were interested in renting out their home within a 12 month span. Furthermore, 76% stated that an increase in income influenced their decision to do so.
Click here to read more on the rising interest in second home ownership to build greater income and how to avoid high costs when deciding to become a Landlord.
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