You’ve bought yourself a nice piece of rental property and gotten it fixed up. Now you just need one thing: someone to live in it. There are plenty of horror stories about renters who destroy property, refuse to abide by the rules, and generally make life miserable for their landlords. How can you avoid that? How do you find someone who will work well with your property and your policies? Of course, there’s never any guarantee, but there are a few things you can do to screen your candidates. Here are a few questions to ask when searching for the perfect tenant.
Why Are You Moving?
There are all sorts of reasons for moving to a new home. Maybe they just got a new job and have to relocate. Maybe they’re planning on starting a family. Or maybe they couldn’t get along with their previous landlord, or are being evicted. (more…)
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Do you own a home that you want to rent out or perhaps an extra home available to you through a marriage or inheritance? Instead of allowing it to sit and cost you money in payments and taxes, you can rent it out and make a profit from it. It can be tricky to become a landlord for a rental property, but if you follow some basic home rental advice from those who have experience with renting properties out, your chances of success improve greatly.
Search for a good tenant first. There are multiple ways to advertise including online, newspapers and by word of mouth. Check all information on the application including references, criminal history and credit to assess whether they will be likely to make rent payments on time each month.
Look at other apartments and homes for rent in the area.You don’t (more…)
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Some people will buy a home with the intention of renting it out. Rental properties are a great way to make some extra money in a down economy. However, you have to make sure that you are getting a tenant who can pay the rent on time.
How To Find A Renter For Your Home
There are many great ways to find someone to rent your home. The best way is to ask family or friends if they know anyone who is looking for a place to stay. Another great trick is to place large signs outside the property indicating that you are looking for a tenant. The Internet is a good option to consider as well.
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Placing your listing on a site like Craigslist can get more people aware of your willingness to rent your home. (more…)