Getting your House ready to rent
1.Make sure your house is up to code.Before you rent your house, go through it room by room and determine what needs to be fixed.
2.Install upgrades that will pay off in the end. You’ll be able to charge more rent if you provide some newer features that make the house more comfortable and durable.
3.Don’t spend money on expensive fixtures or features. While you want to make sure the house is comfortable and nice looking, it’s not necessary to go all out with fancy light fixtures, cabinetry, new appliances, and so on.
4.Empty and clean your house. Before you begin showing the house, empty it out of all of your possessions (unless you’re renting your house furnished). Clean it from top to bottom so that it looks presentable when people come to view it.
5.Put up an ad for your house. Write a description of your house that you’ll use to advertise that it’s for rent. You can post the ad on Craigslist.org, the classifieds section in your local newspapers.
6.Interview tenants. You’ll probably receive loads of emails and phone calls in response to your ad.
7.Conduct credit and reference checks. Narrow your list down to a few top candidates and ask for a processing fee of $25 – $35 to run a credit check to see whether they meet your requirements.
8.Get a security deposit. The security deposit is often handed to the landlord upon a verbal agreement to rent the property.
9.Sign a lease together. Set up a time to meet the tenant and sign the lease together. Have two copies of the lease printed out for you both to sign.
Fulfilling your role as a Landlord
10.Collect rent. Tell the tenant how you want to receive rent – by mail, in person, or via another method. Each month, accept the rent and deposit it in you account promptly.
11.Be available to make repairs. Tell the tenant to text, email or call if something comes up and they need help dealing with it.
12.Keep up your end of the bargain. If the lease states that you’re in charge of lawn maintenance, shoveling snow, and scheduling trash pickups, make sure you take care of your duties in a timely fashion. Keeping up good rapport with your tenants is beneficial to all involved.
13.Respect your tenants’ privacy. You own the house, but they’re considering it home now. Respect that, and don’t enter the house without calling first and letting them know you’re coming. Never go through your tenants’ private possessions.