How can a property manager help me advertise my rental?
A property manager can help streamline the entire process of renting your property. They have professional experience with screening tenants, marketing properties effectively to reduce vacancy periods, and preparing the properties for rent. This means less time spent on dealing with your rental, and more peace of mind for you.
How long will it take to get my property ready to rent?
It can depend on the property, since no two are alike. But if you work with professionals to prepare your property, you should estimate the following times to complete any needed updates:
- 3 days for relatively minor updates (minor damage, holes in walls, etc.)
- 5 days for more complex updates (carpet, painting, appliance repair, and replacement)
- 2 weeks for major updates (linoleum, plumbing, and electrical systems)
Should I lease my house to a tenant month-to-month?
It depends. If this is the only offer you’ve received from a qualified tenant, and you need to rent quickly, this can be a viable option.
How do you screen rental applicants and find a good tenant?
It’s essential to perform a full background check, which includes a credit and criminal history check. You should also verify their employment, income, and rental history to check for falsehoods, previous evictions, or a history of late payments.
For safety, you should always have someone else with you when you are showing a rental property to prospective tenants, and remain aware of your surroundings during the showing. For example, you can have them enter a single door room first.