- Personal Finance»
- Investing in Stocks, Bonds, Real Estate, More
Tips On Getting Your House Rented
I recently had a harder than expected experience renting a 3-bedroom, 3-bathroom house and learned some invaluable lessons along the way. At first I thought it would take me 2 weeks to get a lease signed, but 2 weeks quickly turned into 6 weeks and I because desperate. Thankfully, God sent me a decent family in the nick of time and saved us from the horror of paying 2 mortgages for June.
Well, here are some things that I learned and which I believe will help you if you are searching for renters:
1. For a house which is located in a subdivision, post a “For Rent” sign in front of the house and one at the entrance to the subdivision. I had only posted a sign in front of the house at first for the drive-by seekers and wondered why the inquiries about the house were so few. After placing a second notice at the subdivision’s entrance I immediately grew tired of the number of calls I received - while at work.
2. Craigslist is a great place to advertise. However, if you post an ad on Craigslist, include pictures, the street address and possibly the square footage of the property. Many people from out of state or out of town may be interested in your property and will call. However, you will save yourself from wasted calls by including as much information as possible.
3. You may love many colors, but if you do, do not assume that your prospective tenants will. Additionally, do not paint the foyer or living room green. My rental property has several colors. When I bought it, there were many colors and I did not spend the money to change them. I lost many prospective tenants because of multiple colors in the house and some particularly because of a green foyer, hallway, living room and dining room.
4. You must treat your rental property as somewhere that you would live. When people come looking to rent they want to feel comfortable that your place can be called their home. Clean the carpet, get rid of mold, dust, wipe the counters and floors and clean the bathrooms. Generally, make the house presentable. And,
5. Depending on the property's location and the contents of the house, leave a door open. Many prospective tenants will call and desire to see the property. If you are at work or elsewhere, it is difficult to get to the property for every interested party. I was able to leave one garage and the side doors open. Consequently, I had many people look at the house and my only contact with them was a phone call. That worked out beautifully.
Good luck with your property and happy renting!