DO IT YOURSELF! How to Rent Your House/Apartment

Investor Tips
November 15, 2022
DO IT YOURSELF! How to Rent Your House/Apartment

Watch and learn.

Are you looking for information to rent your house or apartment? If so, you've come to the right place! In this blog post, we will walk you through the entire process of renting out your property yourself. We also encourage you to reach out to us if you have any questions along the way. Thanks for choosing our blog as your source of information!


Now that you're here, let's get started! The first thing you'll need to do is view and inspect the property. This is important in order to identify any potential issues that need to be fixed before listing the property. Once you're satisfied with the condition of the property, take some pictures or hire a professional photographer. Hiring a photographer will cost between $50-$75 but will make your asset look more desirable.


Now that you have everything in place, it's time to start marketing your property! You can do this by creating a listing on websites like Zillow, Trulia, and Craigslist. Be sure to include clear photos and an accurate description of the property. You might also want to hold an open house to attract potential tenants.


Finding a qualified tenant can be hard. You will want to make sure they have good rental history, a steady job, and enough income to cover the rent.  The best way to screen tenants is to do a credit check and background check. This will give you peace of mind knowing that you're renting to a responsible individual. Reach out to us and we would be happy to do a background check for you.


Once you've found a tenant, it's time to sign the lease agreement. This is a legally binding document that outlines the terms of the rental agreement. Be sure to read it carefully before signing! The lease should include the following information:


- The names of the landlord and tenant

- The address of the property

- The length of the lease (typically one year)

- The amount of rent

- When rent is due

- Any rules or restrictions on the property


After you've signed the lease, it's time to give your tenant a copy of the keys and congratulated them on their new home!  We hope that this blog post has been helpful in walking you through the process of renting out your property. If you have any questions, please feel free to contact us. We're here to help!

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FAQ

Common Questions in relation to this post

When should I hire a property Manager?
If you feel you lack experience and knowledge in rentals you may be better off hiring a manager. They will save you a lot of headaches, stress, and money! Mistakes in the rental business can be costly and take months in the courtroom to correct.
Should I really do a background check?
Yes! Who knows what people are hiding from you? do you really want someone in your house/ apartment who isn't truthful with you
What is a leasing service?
A leasing service will advise you on how to prepare your property for tenants. Helping to advise in the cleanliness. They market your unit usually on several websites, and after generating some interest they sometimes do an open house and/or private showings. They will also do background checks and do diligence on the prospective tenants. They provide a lease agreement that you agree upon and approve that it is signed properly. From this point forward it would be your job to maintain the contract and to hold the tenants responsible.

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