If you have made a real estate investment, you are probably a professional in the sector. On the other hand, however, if you bought a house before selling the one where you still live, you may need to lighten the burden of two mortgages. Whatever your situation, the following tips could help you keep the rental process going smoothly for any of the parties involved.
Steps
Step 1. Make your home pleasing to the eye
Renters value the same services and benefits that buyers seek, so make your home inviting. This also means removing any clutter, making sure the garden is perfectly maintained, giving a new coat of paint and perfectly cleaning the carpets. You should also take care of any repairs you have postponed. To rent even faster, you might want to consult a real estate agent with a knack for decorating.
Step 2. Establish a competitive monthly rental rate
Before you decide how much to ask, do some research. You can use websites like www.kijiji.it in the "Houses" category to see how much they are asking for rentals of houses similar to yours. Does your price include bills or condominium expenses? And what about the kitchen appliances and the washing machine? Consider all of these elements and set a monthly price that is about the average of what similar rentals in your area require.
Step 3. Promote your home
According to many studies, most home buyers start their research online. The same is true for those looking for rental homes. Post your home in the classifieds of the local newspaper, specific or generic sites, such as Subito.it. If you are working with a real estate agent, they may place your ad in their database.
Step 4. Select potential candidates
According to Ted Kimball, a California lawyer who specializes in landlord / tenant law, there are three key points that landlords need to check: past credit, behavior with past tenants, and criminal record. "The best way to get good tenants for your property and protect your assets is to rely on an agency," advises Kimball, "but if that's not your thing, hire a third person to select the tenants."
Step 5. Rent honestly
Treat every potential tenant with the utmost respect. There are laws that protect renters if they feel they are being treated dishonestly.
Advice
- When setting up your home, first take care of the structure, plumbing, electrical, windows and doors. Second thing: repaint; third: clean; fourth: take care of the floors. If you paint first, fixing the fixtures later will ruin the fresh paint. If you take care of the floor before the other steps, it will end up getting dirty or damaged.
- If you don't rely on an agency, pay attention to the laws that control the rental of properties, or you could run into gigantic fines. Show the lease to an expert to protect yourself.
