If you have been unable to sell your home at an acceptable price, it might be a good time to consider putting your home on the market to rent. If this is something you are seriously considering, there are a few steps you must take before handing over the keys.
The first step to getting your home on the rental market is ensuring you have a proper lease to help you find good and loyal tenants for your rental property. If you cannot afford to hire an attorney, you can find several sample templates by performing a simple search for "residential leases'' on Google.
A residential lease should include very clear terms and expectations, such as:
- the amount of the monthly rent,
- the rent due date,
- the length of time the lease will run,
- and the amount of the security deposit.
You should also mention how your rental home may be used, how many people or families can live there, the types of updates, alterations and improvements the tenant may make, and what happens if your rental home is damaged. You may also want to prohibit your tenant from subleasing your rental property without your consent.
It's a good idea to alert your insurance agency of your plans to rent out your home. It may be necessary to alter your insurance. The cost of insurance may impact your profits, but you will be happy you spent the money if the need arises.
Before leasing the rental property, you should screen prospective tenants to determine whether you're letting the right person move into your rental home.
Lease Anywhere is a brokerage agency specializing in matching rental property owners with well qualified tenants. For a fee, they will uncover whether your new tenant has good credit, has been evicted previously, or has a criminal record. They have an excellent track record and take every measure to present you with good and loyal tenants.
Call for a complimentary consultation at 281-857-6486 or fill out the contact form to learn how you can list your rental property with them today!
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ABOUT LEASE ANYWHERE
Lease Anywhere, LLC is the premier Texas brokerage agency specializing in residential properties: houses, townhouses, and high-rise condos. They serve families, young professionals and students in Downtown Houston, Pearland, Katy, Sugar Land, Fairfield, Greater Heights and Memorial, Texas.