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Renting is on the Rise in Buffalo Grove, Vernon Hills, and the Long Grove Area

By
Real Estate Agent with RE/MAX Experts

With many homeowners unable to sell their home for a price that suits them, many are turning to renting out their homes. This is a nice alternative if your mortgage payments and taxes can be covered with a lessee's rent. Currently there are 133 rentals available in Buffalo Grove, Long Grove, and Vernon Hills. In the past 6 months there have been over 324 Homes rented in those areas. More and more real estate agents are aiding homeowners rent our their homes. In our office we take care of marketing the homes, putting up signs, and sending them out to our client base looking for rentals. This sector of real estate has been booming. Many people are renting because of job transfer, a loss of a home due to foreclosure or bankruptcy, or they have sold their homes too fast and havent found the perfect home yet.

There are many pros and cons to renting out your home in this market. For the right price they can rent within a couple of weeks. You must really work the numbers to make sure you wont be losing more money in the long run by renting. Make sure that the rental price works within your home budget. Also speak with your insurance agent to make sure your rates will be affordable. Keep in good contact with your tenant to make sure they are keeping the home nice and maintained. Terry Mutchler left her Illinois job with an Attorney General and had to rent out her place. After a bad renter experience she says "I am more engaged as a landlord. We talk by e-mail or phone. I want him to know that he can talk to me or tell me if he needs something," Mutchler said. "Be hands-on. Stay on top of what is going on. Try to rent to someone you know. It is important to go beyond the standard credit check for applicants. Get three references and call them." Finds tenants through a realty agent like the Andee Hausman Team, we can run credit checks, rather than putting up signs or ads on Craigslist.

 

LET US HELP YOU RENT YOUR HOME!! LET US HELP YOU FIND A RENTAL!