In many states and regions, the current situation of the real estate market makes it very difficult to sell properties at a reasonable price, therefore many homeowners have chosen to move out from their house and try to rent it to cover the mortgage and the other expenses related to the property. While the rental process is no walk in the park either, the chances to find a good tenant can still be higher than the chances to find a good buyer. Here are some tips how to find that great renter:
- Determine a reasonable rent – carry out some research to find out the rent amount that is acceptable for you as well as for your potential tenants. Check out local newspapers and online resources to find out the amount for which the properties similar to yours are rented for in your neighborhood;
- Advertise wherever you can – you can choose the classified ads section of local newspapers and there are lots of online ads platforms available, too, some at your disposal for free, others accessible for a fee;
- Turn to an agent – you can also turn to real estate single family home rental companies to make sure that the tenant you rent your home to is reliable and will take good care of your property.