Questions To Ask When Renting A Home
Whenever you determine that renting your home might be the best option; ensure that you ask the right questions of yourself, tenants, and the management company if you decide on using one. Columbus, Ohio property management company options are varied. Therefore, contact a few to find out their terms before deciding on one. Firstly, let us look at some of the questions you should ask yourself:
- Am I prepared to advertise, screen tenants, and manage a rental property on my own?
- Do I have a repair budget?
- Do I have proper and adequate insurance?
- Is renting the best option? (read more here)
- Am I too personally attached to the home?
If you are satisfied with all the answers to the above questions and you are ready to rent; then here are some questions that you should ask of potential tenants:
- Employment and income status
- Last landlord contact information
- Social security number to access credit report and criminal background
- Are they OK with carrying tenant rental insurance
- Will they maintain the landscaping (if a single family home)
- Do they plan to keep pets at the home
- Additional questions according to the rental application and agreement
Should you decide that advertising, screening, and managing the property is not what you want to do or just do not have the time to do; then here are some questions to ask potential property management companies:
- Fee structure
- Do they do 1099 reporting
- What services cost extra, or is it all inclusive
- Can they provide references of happy owners and tenants
- What guarantees do they offer if any
- Do they bind you to a long term contract
- Are they licensed by the state of Ohio
- Do they offer rental payments online for both tenants and owners
- Will you have online access to your records
- Do they do advertising, screenings, showings, et cetera.
At Core Ohio Realty Advisors, we offer full property management services, and I would be happy to sit down and discuss how our company works. We offer a competitive fee structure, no long term commitments, and have some of the best technology in the industry. Please feel free to send me an email for a no cost, no obligation consultation.
Thanks for reading, and I hope this information was useful.
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