You might have inherited or bought a new house, or even upgraded yourself to a more significant property but you still own the old home. It could be that you are not planning to sell it because you are waiting for real estate’s prices to increase. Moreover, there are many reasons why you could want to rent your house.
Sometimes the marketing trend may not change soon and remain with two choices: putting the property for rent or selling it. However, when you find that the current market situation is still weak and capital appreciation is still low, the best option is to rent your property. It will allow you to make some extra money and could help you clear some of your bills.
Do You Want To Rent The House Out?
Let this be the first question you will ask yourself whether you rent it out or not. It’s not an easy decision because there are many things you have to do before renting the house. Even before you look for tenants, you will need to start with repairing worn out parts as part of maintenance. However, you will also have to hire a cleaning company to ensure the house is spotless.
Window cleaning San Antonio comes to rescue for ensuring your windows looks again like new. The windows will not be looking at you bought them and therefore necessary to clean them.
On the other hand, you might have rented your house, but you have a non-paying tenant, and you need to evict him. After you get a new tenant, you will require process server Tampa and get a three-day notice for your tenant. When you are ready, here are five things that you have to consider before you rent out your house:
- Decide The Rent
The first thing you can do if you decide on the amount you are expecting to charge. It’s the role of the landlord to do extensive research regarding the rental rate trends in any location and ensure it’s not priced off the market.
- Look For A Tenant
The additional clarity you want is the type of tenant that you want. Moreover, the other thing you can consider is the time you plan to rent the house. The other thing you have to admit is whether that house you bought is for personal use or investment.
- Drafting agreement
Most landlords don’t want to risk their property for nominal return. When you rent to a stranger, you will have some inherent risks such as damage, refusal to vacate and non-payment. To avoid all that, you need to draft a rent agreement.
- Get Certification
After getting a suitable tenant, you can discuss the terms and conditions and strictly follow what is mentioned in the agreement you drafted. You can also make changes per agreement and then come out with a final rent agreement. It’s only a registered rent agreement that can save you when the tenant refuses to pay.
- Inspect Regularly
After renting your property, your work is not over. You have to maintain it and when you find places that require thorough cleaning, seek pressure washing San Antonio services.
