Rental properties can be an extremely lucrative investment, providing you with a stream of income that will likely continue to increase as time goes on. EXIT Realty of the Carolinas, one of the region's leading real estate companies, has some tips to help you get the most out of your investment.
Before listing your house for rent, it's important to:
- Know The Costs: Check out the going rates in your area, which will give you an idea of how much you can reasonably hope to collect in rent. Balancing that income with the cost of maintenance and repairs, along with your property manager's fees, will let you know whether putting up your house for rent is worthwhile.
- Screen Your Tenants: While you don't have to get to know your renters personally, you should always run background checks and credit reports. Choosing the right tenants is key to preserving the value of your property and, hopefully, finding long-term renters who will stick around.
- Hire A Professional: The laws governing real estate rentals are extremely complex, as are the marketing tools you'll need to find the right renter. A professional real estate agent will have the local market and industry knowledge to keep your occupancy rates up, even if you're out of state.
Every Realtor with EXIT Realty of the Carolinas receives the best training in the industry, with an in-depth mentoring program other real estate companies can't match. Whether you're looking for your dream home or listing your house for rent, you can be sure you'll receive enthusiastic service from accomplished agents who truly love what they do. Visit EXIT Realty of the Carolinas' website or call (843) 343-3947 to learn more about their revolutionary approach to real estate and start planning your next step today.