Renting your home is a profitable use of your resources. It is especially beneficial to those that (1) leave the home for a year or two, (2) own more than one house, (3) want to earn a bit of extra money on the side, and the list goes on and on.
If you've never been through the process before, you'll want to know the 4 things you should prepare before you sign in a renter. The following four steps will help you prepare your home to rent safely.
This, however, is not a great attitude to have about protecting your home. There are definitely things you can do in order to more soundly burglar proof your home.
One of the most important things you can do to improve your quality of life is to meditate. Meditation is focusing your mind and thoughts in order to achieve a goal or just to get to know yourself better.
Next, write a contract. Determine whether or not you want them to renew monthly, quarterly, or yearly. Set a monthly rental price. Research the market and find out what the fair market value for a home like yours is. Price competitively. Ask yourself how you would like to let your residents out of the contract should they need it.
If your last name is printed on the side of your mailbox, it would be a good idea to paint over it or get a new mailbox. It can be easy for burglars to look up your name, find a phone number, and call to see if you're home.
Next, a rented home should come with a set of rules to keep it safe. For one, there should be something in the contract that saves you from the liability of excessive damage to the home.
This won't apply to all situations as normal problems-like an air conditioner breaking-wasn't their fault. In these cases you will have to pay for the repairs yourself. Should there be any major damages obviously caused by the renter, you should be able to charge them for fixing the damages. For another, you should consider what kind of habits you will allow.
Have a neighbor come and collect your mail and newspaper every day that you're not at home. Another precaution you should take is to try to monitor your lights.
Try to learn something new every day. This does not have to take a long time.
Their credit history will show how trustworthy they are to make payments on time. Their criminal history will help you determine if you can trust their intentions, integrity, and overall honesty.
If this happens, you'll want to make sure that it is very difficult for them to get in. Try planting shrubs around places with windows so it makes it harder for them to enter your home.
Finally, past tenant behavior will help you figure out if they will be good caretakers of your house. You want people to be careful with your property, and you want them to be good neighbors.
Follow up with managers they used to live under to find this out. Once you've cleaned up the house, decided on a contract, set a list of rules, and screened your candidates properly, you can rest assured that you have done the job well.
Cowart Insurance provides affordable and reliable home insurance in Lawrenceville, GA and the surrounding area. Purchase your insurance with Cowart Insurance and you will not regret it.
If you've never been through the process before, you'll want to know the 4 things you should prepare before you sign in a renter. The following four steps will help you prepare your home to rent safely.
This, however, is not a great attitude to have about protecting your home. There are definitely things you can do in order to more soundly burglar proof your home.
One of the most important things you can do to improve your quality of life is to meditate. Meditation is focusing your mind and thoughts in order to achieve a goal or just to get to know yourself better.
Next, write a contract. Determine whether or not you want them to renew monthly, quarterly, or yearly. Set a monthly rental price. Research the market and find out what the fair market value for a home like yours is. Price competitively. Ask yourself how you would like to let your residents out of the contract should they need it.
If your last name is printed on the side of your mailbox, it would be a good idea to paint over it or get a new mailbox. It can be easy for burglars to look up your name, find a phone number, and call to see if you're home.
Next, a rented home should come with a set of rules to keep it safe. For one, there should be something in the contract that saves you from the liability of excessive damage to the home.
This won't apply to all situations as normal problems-like an air conditioner breaking-wasn't their fault. In these cases you will have to pay for the repairs yourself. Should there be any major damages obviously caused by the renter, you should be able to charge them for fixing the damages. For another, you should consider what kind of habits you will allow.
Have a neighbor come and collect your mail and newspaper every day that you're not at home. Another precaution you should take is to try to monitor your lights.
Try to learn something new every day. This does not have to take a long time.
Their credit history will show how trustworthy they are to make payments on time. Their criminal history will help you determine if you can trust their intentions, integrity, and overall honesty.
If this happens, you'll want to make sure that it is very difficult for them to get in. Try planting shrubs around places with windows so it makes it harder for them to enter your home.
Finally, past tenant behavior will help you figure out if they will be good caretakers of your house. You want people to be careful with your property, and you want them to be good neighbors.
Follow up with managers they used to live under to find this out. Once you've cleaned up the house, decided on a contract, set a list of rules, and screened your candidates properly, you can rest assured that you have done the job well.
Cowart Insurance provides affordable and reliable home insurance in Lawrenceville, GA and the surrounding area. Purchase your insurance with Cowart Insurance and you will not regret it.
About the Author:
At Cowart Insurance, is an Insurance company in Lawrenceville, GA committed to providing you with a streamlined and effective way of securing the insurance policies that are right for you. We work with an expansive network of insurance providers to ensure that each of our clients has a wide variety of insurance options to choose from. Since 1976 we have dedicated ourselves to molding the perfect insurance policy for each of our clients.