You have made the wise decision to invest in a rental property! Congratulations! It’s a wise investment if you’ve got a good location and the numbers work for you. Why not have someone else pay your mortgage and eventually have ALL the rent coming straight to your bank account?
First thing to find out is if a rental license is required in your county, city or town. Go ahead and look into that and also schedule a lead inspection if your rental property was built before 1978. Your best bet is a “Lead Free Certificate” so it’s a one-time event.
Having a clean home in good condition is extremely important! The nicer the home, the higher the rent will be and also the higher the quality of the tenant. You want to set high standards so you will attract the right tenant and also set high expectations of how you expect the house to be cared for. The most important part of having rental properties is finding good tenants who are going to take good care of your investment!
Make sure the property has good curb appeal and clean up the yard if it’s needed. Your property should be free of furnishings and personal belongings. The home should be move-in ready. You want to find occupants as quickly as possible so spend the time upfront so tenants want to rent your home when they come to visit. Fresh paint is important and so are clean or new carpets. Clean windows are a nice touch. A home that is sparkling clean will be attractive to someone looking for a nice home!
Advertising and good pictures are important. They don’t have to be professional but they should showcase the best rooms and features of the home. The first picture should be the front of the house and then follow with the living room, kitchen, bedrooms and baths. Only post the best pictures and make sure the toilet seats are down! The listing should give the number of bedrooms and baths as well as the square footage. Broadcast what is so great about your rental property and also tell about the convenient and interesting places nearby and in your neighborhood.
K&K Property Management will be happy to assist with listing your property. No cost until the first month’s rent is paid and we usually have a great tenant for you in two to three weeks!