How to Rent Out Your Property Effectively and Quickly
As a landlord in the state of Texas, you have a lot on your plate. Typically, the top priority is making sure your property stays rented by a tenant that pays the rent on time and respects the property. So what happens when you suddenly find your property without a tenant and it’s time to rent it out? What are the best steps you can take to not only get it rented fast but have it rented to a trustworthy tenant?
Here are some steps you can take that will help you to move the process along.
Determine What the Rent Will Be
Before you even list the property or take steps to rent it out, you’re going to need to give thought to the price of the rent. In order to determine the price, you may find it helpful to look at comparable properties in the area. You can compare such things as square footage, the number of bedrooms, the number of bathrooms, whether or not you offer parking, if there is outdoor space and if it is private, etc.
When setting the rent, it obviously needs to be enough to cover the carrying costs of the home/condo, but you also don’t want to price yourself out of the market. This is why looking at the comparables can be so helpful.
Stage the Home and Take Photos
The next step will be to stage the space and then take plenty of photos. You want to be able to offer visuals to people that are looking for a place to rent. Of course, these photos need to show your property in the best possible condition, so make sure it is clean and presentable. You don’t have to worry about decorating the space; leave that to that tenant. Just make sure everything is fresh and clean.
Advertise the Listing
Now comes the point where you can list your property. There are a few ways to go about this. You can list it yourself on local classified boards online, in the local newspaper, or even spread the word through social networks and online groups. Another option is to enlist the help of a professional real estate agent who can find you a tenant.
Be Sure to Screen Any Potential Tenant
As you start to get interest in your property and you speak to the various parties who would like the place, it’s important you put a screening system in place. What this means is that you need to perform a background check on any potential tenant. Intelius is a service you can use to perform a background check, as well as many other things such as looking up people, finding Texas residential listings, looking up criminal records, and more. The service is very quick and easy to use and can help you find the best tenant out there.
Get That Property Rented
By using each of these tips you’ll be able to rent your property out to a trustworthy and great tenant.