How to Rent Your Home

Renting your home instead of selling it allows you to pay off your mortgage while increasing your equity position.  In the long run, it can be a great investment.  Read on to learn more how Chris can help.

Step 1

Attend financial and legal matters.

Figure out how much it’s going to cost to keep your home safe and livable.  Calculate how much it will cost to get your home up to code and in good working order. Decide whether you’ll be able to handle a few months of missed rent, which landlords face from time to time.

Step 2

Decide whether to hire a property manager.

Being a landlord can be pretty time intensive. You’ll need to screen tenants, negotiate a rent price, facilitate lease signing, collect rent, do repairs and be the point person whenever problems arise. If you want to rent your property, but don’t want all the responsibilities, Chris and his team are here to take care of everything for you.

Step 3

Calculate the rent you want to charge.

Factor in the cost of your mortgage, the cost of keeping the house in shape, your property manager’s fee (if you’re using one) and other foreseeable expenses.

Step 4

Set up a system to manage your finances.

Start thinking of your rental property as a small business. Chris can advise you on how to best manage this.

Step 5

Get your property ready to rent. 

Make sure your home is up to code and in good working order. Install upgrades that will pay off in the end. You will be able to charge more rent if you provide newer features in your property that make it prettier and more comfortable.  New paint, new flooring or a new kitchen.  Chris can advise where to best spend your money, and he and his team can help you make it happen.

Step 6

Empty and clean your property. 

This will make your property more presentable when people come to view it. Even if your property has old features, emptying and cleaning everything thoroughly will help it show its best.