The Accidental Landlord: tips on preparing your home for rental

stressNot every landlord goes into the rental business because they want to. You may have found yourself with a property that needs to be leased out for any number of reasons. Perhaps your job called you away and you either couldn't sell the house or would like to go back someday. Perhaps a family member passed away and you inherited it, but didn't want to sell it. The possibilities are endless, but if you fall into being what is considered an accidental landlord, you may not be as prepared as you'd like to be.



Knowing what to look for and how to find the best tenant for your property will help keep the process smooth. You'll need to clean the house and make sure to take care of any repairs or renovations that need to be taken care of before you put it on the rental market. From there, take pictures to show off all parts of the property, front, back, and inside. Once you have it listed and applications begin to come through, make sure to run thorough tenants screenings on each person that is interested in the property. Set boundaries for what is acceptable for your property and what is not. Screenings will help to weed out potential tenants that have had a record of negligence with out landlords.





POSTED July 31 2014 2:01 PM
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