Are you thinking about renting out your single-family home, condo, or apartment for the first time? Maybe you don’t know how to get started with renting your home? If so, you have come to the right place.
In this article, we will share with you a step-by-step guide for renting out your house for the most competitive rent possible.
Step #1 – Get Your Property In “Rent-Ready” Shape
The first thing you need to do before renting your house is get it ready for rent. This step is important because, if you lived in your property for any length of time, it’s going to need cleaning and preparation to get it rent-ready.
Some of the things that most rental property management companies agree should be done include the following:
- Deep clean the property – this includes cleaning carpeting and flooring
- Repainting your property both inside and out
- Improving curb appeal with proper lawn maintenance
- Removing junk, trash or debris from your property
- Replacing outdated fixtures or appliances
Step #2 – Find Out How Much You Should Be Renting Your Property For
After you get your property ready for rent, the next thing that you should do is determine how much you should charge monthly. Thankfully, this can be done by doing some online research utilizing websites like rent.com, Zillow, Craigslist, or Facebook Marketplace.
Once you have an idea about the amount that you should be asking for rent every month, the next thing you should consider doing is to visit one or more comparable rental properties in your area.
A site visit will give you a good first-hand perspective of what other comparable rental properties in the area offer tenants. This helps you know if there are any renovations or improvements that you should consider making to your property before you rent it out.
Step #3 – Hire A Residential Property Manager
Last of all, but arguably most important before you spend your hard-earned time, money, and effort attempting to manage your rental property yourself, you should consider hiring a property management company to manage it for you.
A property manager will make owning a rental property easy.We will take care of all your property management needs for you, including rent collection, so that there won’t be anything that you have to handle yourself. Say goodbye to maintenance requests, pest control woes, and HOA letters – we’ve got all those covered! You collect the rent without dealing with any of the rental annoyances when working with a professional property management company.
Get Residential Property Management Here – Contact GoldenWest Management
At GoldenWest Management, we take pride in being one of the West Coast’s premier property rental companies. Our team of residential property managers specializes in professional property management that saves owners time, money, and the hassle of managing their rental properties themselves.
Owning a rental property is great but it can be a lot of work if you plan on doing everything yourself.
Let us show you how we can help you simplify the process of owning a rental property so you can continue to enjoy the benefits that come from owning real estate without having to do all the work.
For more information about the property management services we can offer you, contact us today by calling (866) 545-5303 or click here to connect with us online.