The best way of generating passive cash-flow in real estate is by renting out your property. This approach is followed by homeowners who are either relocating or upgrading their existing home. The idea is to move to another home and rent out the previous one rather than selling it.
But things are easier said than done. Tenants looking for houses demand certain requirements be met. As a homeowner, you need to prepare your home for rent before you move out. In the long run, this rental property will benefit you through appreciation and steady monthly income. The Corvallis rental real estate market has been booming over the past few years and this is the right time for you to upgrade and start a tenant search.
But before you put your property for rent, here are 4 tips to help you prepare your home for rent.
1. Focus on the Basics
The first thing you need to do before putting your home up for rent is to make a checklist of basic things that are expected from home. These things include making sure the phone/internet connection is up and running, checking HVAC system’s working, checking on the water pressure, making sure the smoke detectors are working, and check the locks and make additional keys just in case. Replace the ones that don’t work.
2. Get it Cleaned
Giving your home a thorough cleaning is also important. This is a rigorous process and it involves steam drying the carpets, cleaning windows, furnishing interior, cleaning the exterior of the house, and taking care of all the trash left behind. The cleaning becomes really important in the case of having had pets in your house.
3. Fix What’s Broken
Getting the best tenant will take a lot of work. Another step of preparing your home for this is to run a quick inspection and fix whatever’s broken. From leaking taps to faulty fences make sure you don’t skip anything.
4. Don’t Forget the Outdoors
The first thing people notice while visiting your house is the way things are on the outside. Therefore, as a homeowner, you need to take care of the garden by removing overhanging trees and naturally grown weed. Moreover, you also have to clean the driveways and remove any cobwebs out there.
Final Word
All the above-mentioned ways will make your home appear friendlier to the potential tenants. Other things you can do to prepare it for rent includes some minor fix-ups in the kitchen and bathrooms. Also, working on the curb appeal of your house can improve your chances ten fold. If it is still overwhelming or you have other business to focus on, you can contact Duerksen and Associates Inc., they are experienced Corvallis Property Management service provider that will professionally manage your investment to its full potential. They provide services like advertise vacancies, tenant screening, tenant relations, property Inspections, maintenance and landscaping, market analysis, online access to monthly statements, and direct deposit for monthly rental income.
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