Questions to Ask BEFORE RENTNG Your Home

By
Real Estate Agent with Bennett Realty Solutions MD#634275

                          Questions to Ask BEFORE RENTING Your Home 

 

Are you pondering whether to rent your house instead of selling it?  You should answer the following questions to determine if this is the right choice for you and your family.

 

1.  INSURANCE LIABILITY - Have you talked with your insurance agent about the possibility of increased premiums since liability is greater in a non-owner occupied home?

2.  PETS - Will you allow pets? Dogs - how large? Cats? On a case-by-case basis?

3.  REPAIRS - Who will take calls from tenants when repairs are needed?

4.  REPAIR PERSONS - Do you have a list of repair persons (plumber, electrician, HVAC, Handypersons, etc.) readily accessible to handle these repairs?

5.  INSPECTIONS - How often will you perform a physical inspection of the property?

6.  RENT COLLECTIONS - How will you collect the rent? ACH automatic withdrawal? By mail? Face to face?

7.  NON PAYMENT OF RENT - How will you respond if your tenant informs you that due to unforeseen obligations they can't afford to pay the rent this month?

8.  EVICTIONS - Have you retained an experienced evictions attorney in case the need arises?

These questions are just a few things to seriously consider.

BOTTOM LINE .... If you decide that renting out your property is the right choice for you, keep in mind that being a landlord has its challenges and you must be prepared  for challenges in advance.

 

 Image courtesy of  mapichai at FreeDigitalPhotos.net                                                    

 

 

Posted by

Diana White-Pettis, Associate Broker

Exit Bennett Realty

7701 Greenbelt Rd. #100

Greenbelt, MD  20770

Office: 301-459-5040

Cell: 301-502-2669

Direct line: 240-386-1309

Email: dwhitepettis@gmail.com

Website: www.diana4yourhomesdesire.com

 

Turning Your Homes Desire into a Dream Come True!

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Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Diana White-Pettis These are excellent questions to ask before renting a home to tenants.

Dec 27, 2016 05:14 PM #1
Rainer
356,983
Noel Mayer
FAIRMOUNT REALTORS - Montclair, NJ
YOU'RE RIGHT AT HOME WITH NOEL

Very Informative

  Happy New Year !

 

Dec 28, 2016 03:23 PM #2
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Rainmaker
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Diana White-Pettis

GRI, CDPE, CNE, WHC Upper Marlboro Homes for Sale
Are you looking to Buy or Sell with First Time Success? Call me!
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