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When you’re preparing to rent your place out, there are some things you’ll want to have organised even before you start advertising the place, because they’ll make your life easier, not just during the process of renting out, but also in the long term as well.
Although the process of renting out can seem long and overwhelming, and also a bit scary – especially if you’ve never done it before or have been burned by bad tenants in the past, it’s not as scary as it seems as long as you approach it in the right way, do your research and have things planned out as much as possible.
In this post we’re going to share with you some tips for how to get your house ready to rent out so that you can make the process as stress free as possible and possibly even enjoy it.
Decide if you want to work with an agent or not
There are always pros and cons to working with an agent when it comes to renting your place out, and only you know if this is something you want to do or not, so don’t let anyone pressure you into one or the other – or let an agent try to force their own services on to you. If you decide to work with an agent, it can definitely take a lot of the pressure off, but you need to ensure you’re working with one who’s an expert in the area of renting and who comes well recommended since there are definitely agents out there who are only too happy to accept their commission, but really lack when it comes to doing any work required of them.
Determine for how long you want to rent it out
When it comes to renting, you can decide if you want to rent for the longer term or if it’s going to be more short term. For example, if you want to go with a short term option when you’re away traveling for a few months, then you may want to consider going with a company like AirBnB to help you with it, but if it’s longer term, then you should do it privately or work with an agent, as you’ll also need to specify this in your rental contract.
Decide if it’s going to be furnished or not
Another important thing to consider before you even list the place is whether you’re going to be leaving it furnished or if tenants will be bringing their own furniture. Typically furnished places are rented out for more short term and will also cost a bit more, but this doesn’t have to be the case, so it’s really up to you to decide. If you decide to rent it furnished, then to boost your chances of renting the place out, you should perhaps invest in some tasteful furniture like some nice rauch wardrobes to make it more appealing.
Decide what kind of tenant you’re looking for
This is a step that many people overlook when preparing to rent their place out, but it’s really important to know what kind of tenants you’re looking for since you can specify this in the ad to save both of your time.
This is a collaborative post.