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Tips for agents listing properties for rent.
Gita, Thanks for blogging!! Great tips for realtors, I have shared it with our agents during a rental workshop. Great Blog!! Keep them coming~ :)
Many sellers who have not been able to sell their homes are considering renting it out and some say they are happy if they just get enough to pay the mortgage. They list with the agent who has been trying to sell it. Some of these agents may not have a clue about rents in the market nor know about local laws . The agent should get help from their Broker if they have not had experience with rentals or refer their clients to someone who has experience with rentals.
There are listing agents who do not describe the property for rent . They do not know about laws for security deposit nor do they know what utilities are included.
Here are some tips for agents listing rental properties.
1. Take the same care as you would when listing homes for sale. Describe it well, take pictures, do comps and determine fair market rent.
2 Ask the owner what their monthly mortgage payments are and determine if it will be a negative cash flow. Will the owner ... more
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