You may be a first-time owner, a young professional who made his/her first property purchase with the little savings you made in the initial years of your career. However, investing in a rental property requires knowledge of the ins and outs of becoming a landlord and leasing your home. Although owning a rental home has its benefits, it still demands a great deal of work. This is when a property management company like True Property Management comes in. With TPM’s high standards in real estate management, we plan and execute a perfect home rental strategy. Are you ready to make the leap into home ownership?
Steps To Renting Out Your Property
Choosing a quality tenant can be overwhelming. With so many prospective renters out there, renting out your house requires much consideration. True Property Management walks you through each stage of renting out your property. From listing your property to the lease agreement, we have you covered! Here is how:
Set Rental Rates
Once a property is vacant for us to list, we conduct a thorough inspection and set rental rates that would increase our owner’s income and decrease their expenses. We provide property owners with a rent price estimate, rent range and a list of comparable properties.
Create A Marketing Plan
Finding a good tenant is no small feat. At TPM, we market your properties on over 250 websites. Our marketing campaigns are such that they reach potential tenants and minimize the frequency of your vacancies, providing you with a steady stream of income.
Prepare Your Property For Renters
With increasing competition in the rental market, tenants have become more choosy and attentive. To reach beyond your tenants’ perceived leasing expectations we prepare your home for prospective tenants and make sure everything is clean and the appliances are in good working condition.
Meet And Screen Prospective Tenants
True Property Management helps you find, attract and keep quality tenants. We run a rigorous background check on the tenant for you. We evaluate their previous rental history, credit scores, criminal histories, and employment status to keep your property occupied with dependable tenants at all times.
Negotiating Lease Terms
Before entering an agreement, it’s important to negotiate the terms of your lease agreement. As owner reps, we try our best to turn the process around in our client’s favor to get them the highest prices and the best terms.
Renting a house out can be beneficial for both the owner and the renter. It can generate increased revenues for the owners, provided that a successful strategic plan to avoid potential pitfalls is in place. Wondering how to successfully rent out property? Learn about the risks and rewards of renting out a house by contacting a property manager at True Property Management.