Whether you have an abandoned condo or extra property, you
can make money out of it by renting it out. You can advertise your house as a
vacation rental and can receive numerous calls instead of renting it on a
long-term basis. Here are the steps you need to take to find trustworthy
tenants for your rental property.
Take Exceptional Pictures of Your Property
Several travelers and people planning a month-long vacation
seek rental properties online so the quality of pictures matter the most. This
can convince more people to reach out to you for further details. Taking
beautiful pictures can become noticeable and highlight the special features in
your rental property. Consider hiring a professional real estate photographer
if you have no experience in taking good pictures. It might cost you less to
hire an expert for real estate pictures, but such things are catchy among
renters.
Prepare an Honest Description of Your Property
Search for all the websites where you can read what others
have posted to get a brilliant idea of writing an effective listing. Make sure
you write a listing which is contained, compelling, and focus on the special
amenities you are providing the renters. Mention all the rooms available and
accessible and how much people can easily accommodate in. Don’t forget to write
strict limitations your place might have like less number of parking spots or
the stairs inaccessible for handicaps. Instead of listing rental Homes for sale in Irvine, mention vacation rentals in your advertising
description so more travelers and tourists can reach out to you.
Create a Rental Agreement Protecting You and the Renter
Several websites online can provide pre-arranged templates
for rental agreements you can use to market your property. Consider hiring a Real Estate agent in Irvine, CA, who can provide expert help to develop
the rental agreement based on the conditions and regulations. Here are a few
essential things your rental agreement should have:
· How much rent the tenants will pay
·
The months a tenant will stay at your place
·
The type of notice and rental agreement you
should present to the tenants
·
The house rules which includes maximum number of
residents, smoking restrictions, or quiet hours
·
Tenants liable to major property damage
List the Rental Property Online
There are many simple ways to list your rental property so
people can get in touch with you. Use Craigslist if you wish to rent out your
place for a few months during the summer. Consult a real estate agent or visit
well-known websites to reach potential tenants on a long-term basis. Research
vigorously all the available website because each one of them offers different
types of clienteles and services. Some website might charge a subscription fees
annually, while others allow you to post an ad for free and charge after a
tenant makes a reservation.
Use an Agent or Property Management Company
Several experienced property management companies can do the
hard work of advertising your property in the best way as well maintaining your
rental property. However, they would also take a profit of 25 to 30% what you
are earning thought the tenants. Make sure you hire a reliable property manager
and ask online referrals if you are unable to find one. By giving small fees,
several property managers can advertise and book your rental property, while
you will be responsible to take care of the maintenance.
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