Whether you own multiple real estate properties or are planning to move to a new home, there are many reasons why homeowners might choose to rent out their property. Before you find a tenant and sign the paperwork, however, it’s important to know what is expected of both parties. Below are a few of the factors to consider before renting your home.

What to Consider Before Renting Out Your Home

1. Learn the Landlord-Tenant Laws

For California landlords, it’s essential to know the rental laws designed to protect both you and your tenants. For instance, landlords must give notice to tenants before raising rent and a tenant may withhold rent if the landlord fails to make major repairs, such as fixing the HVAC unit or water heater. 

2. Find a Good Tenant

The best way to look for tenants is through word of mouth or publishing print or online ads. All tenants should fill out an application form with information about their contact details, employment, and rental history. You can contact previous landlords for a reference. Pulling their credit reports will provide you with insight into their financial background to ensure they have a history of timely payments. 

3. Hire a Property Management Company

If you have a full-time job and don’t want to deal with finding tenants or maintaining the home, hire a property management company. These professionals take a percentage of the rent to act as a liaison between you and the tenant. They screen potential tenants, handle maintenance, and handle lease signings and rent payments, as well as necessary background checks.  

If you’re searching for a property management company to help manage your real estate, turn to the team at Realty Roundup. For over 30 years, this premier real estate company has managed over 2,000 properties throughout Elk Grove, CA, and surrounding areas. From tenant screening and rental advertising to maintenance and routine inspections, you can count on their team for quality service and peace of mind. Call (209) 477-1594 or visit them online to browse home listings.