CHAPTER 11 Renting 101
1. PUT PROPERTY ON THE MARKET
Once you’ve decided to rent your home, you must take the proper steps to make sure the right people see it. Decide the cost to rent, and establish requirements for potential tenants. Advertise your property on the proper outlets — newspaper classifieds, social media, etc.
2. SHOW THE PROPERTY
Never show the property on your own, and if possible, show the home during daylight hours. Talk on the phone ahead of time, and make sure someone you trust knows when you’ll be showing the property.
3. TAKE AND PROCESS APPLICATIONS
To safeguard against “bad apple” tenants, perform background checks on all who apply. Put minimum requirements in place, being careful not to violate discrimination policies.
4. APPROVE OR DENY TENANTS
Once all credit and background checks have been run, decide which tenants will be the best fit for your property. Recommendations from previous landlords can help you choose between highly qualified tenants.
5. PREPARE AND SIGN THE LEASE
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