Imagine you've just inherited a charming, two-bedroom bungalow in a desirable Orlando neighborhood. You've decided that renting it out is the best option, but you're unsure where to start.
It's not as tricky as you might think at first glance. Read on for our guide to listing your home for rent.
Preparing a Home for Rent
Preparing your home for rent is a crucial step in attracting quality tenants and ensuring a smooth rental process.
This means thoroughly cleaning every part of the house, including carpets, windows, and appliances. Consider hiring professional cleaners to ensure every single part of your property is spotless.
Address any repairs, both major and minor, such as fixing leaky faucets, repairing holes in walls, and ensuring all appliances are working properly. A well-maintained home not only attracts more potential tenants but also sets the expectations for how you expect the property to be kept.
Attracting Tenants
Attracting the right tenants is essential for ensuring a positive and profitable rental experience. You'll need to base your marketing on what types of renters you want. Revenge travelers, for example, will want something different than long-term renters.
Write a proper and colorful description of your property, highlighting its best features and amenities. Mention the number of bedrooms and bathrooms, the size of the living space, and any special features such as a backyard, garage, or updated kitchen.
Use descriptive language to paint a picture of what it's like to live in your home, emphasizing comfort, convenience, and lifestyle benefits.
Screening Tenants
Screening tenants is one of the most necessary steps in the rental process. Proper screening helps ensure you select reliable tenants who will respect your Orlando rental property and adhere to the terms of the lease.
Always do thorough background and credit checks on all Orlando tenants. A credit check helps you assess a specific applicant's responsibility and ability to pay your rent on time.
Look for any red flags, such as a history of late payments, high levels of debt, or recent bankruptcies. Background checks can reveal any criminal history or past evictions, which are crucial for evaluating the overall risk of renting to the applicant.
Hire Rental Property Management
Hiring a rental property management company can be a game-changer. Florida property management companies bring a wealth of expertise and experience to the table. They are well-versed in local rental markets, property laws, and best practices for managing tenants and properties.
This knowledge helps ensure that your Orlando property is managed efficiently and stays within all relevant regulations, reducing the possibility of legal issues.
Perhaps the most significant benefit of hiring a Florida property management company is the time and stress it saves you. Managing a rental property involves numerous tasks, from local tenant communication and rent collection to maintenance and legal compliance.
Listing Your Home for Rent: Start Today
There's a lot that goes into listing your home for rent in Orlando. With this guide, you should be on the path to success.
Are you trying to find property management help in Orlando? PMI Platinum FL should be your first call. Our global franchise has been supporting real estate owners like you with your ventures for over 20 years.
Contact us today.
