The housing market is unpredictable. Because of this, many homeowners consider a property lease. Is leasing your property right for you? Broker Bob is discussing his tips on leasing your property.
His advice includes finding the right tenants, vetting them, and collecting rent, so your property has income coming in.
What are the steps to a property lease? Like with selling a home, you’ll need professional marketing photos of the interior and exterior of your home. This includes proper lighting, staging, and editing. Hiring a professional could make things easier and more efficient. Then, create a listing (a marketing campaign for your property) on Zillow or, if you’re leasing an apartment, Apartments.com. A professional profile on each site is required. Past reviews from tenants will help your listing do better.
Ranking high in search improves your chances of getting the most traffic, which means more interested applicants. Next, it’s time to do a background check, credit check, rental history, employment, and eviction check to help get the right tenant. Lastly, have a legal lease (rental lease) with the description of the lease, the duration of the agreement, the rent, and the time of payment made.