If you are currently considering renting out your home, but you have no experience with the process, here are some things to consider before you start looking for a tenant:
- Understand your duties and responsibilities as a landlord – being a landlord comes not only with extra income and tax breaks; it also involves the responsibility to ensure the maintenance of the property and to ensure that emergencies are also handled as they should be. You must also be aware that your property will inevitably sustain some wear and tear, even if your tenants take proper care of the property;
- Prepare the home for the new tenants – perform a thorough cleaning of the property and make sure that all the appliances are in proper working condition;
- Highlight your home’s best qualities in the listings – mention all the desirable aspects that your home offers and get a professional to take the photos that you will publish in your ads;
- Use the right channels – do a little research to find out about the most reputable platforms and other media that you should use;
- Get professional help – you might want to consider hiring one of the most trusted real estate property management companies Denver has for the rental process. They can help you set the price right, post attractive ads and they can also ensure that your tenants are reliable based on preliminary screening processes.