Learn How A Real Estate Agent Can Help You Get A Tenant Into Your Rental Property Quickly

Posted on: 30 August 2016

If you have a home that you want to use as a rental property, it may be hard to know where to start, if you have never rented the home before. Real estate companies can help with rental properties in many ways to make the process as easy as it can be for you. The guide below walks you through a few ways that a real estate agency can help you rent your home for the first time.

Establish a Fair Rental Price for the House

A real estate agent will be able to tour your home and let you know what they feel a fair monthly rate you can charge for the house would be. They will take the time to find out comparable rental properties in the area to ensure that you are asking a reasonable rate for the neighborhood. If you request too high of a rate for the rent, your house could sit empty for months because no one will want to pay the high rate for the house.

Establish a Rental Agreement for You and Your Future Tenants

The real estate agent will know a lot about rental property paperwork and will be able to help you create a lease that is legally binding. This will ensure that you and your tenant know what to expect from the rental agreement and both will be legally bound to it. This ensures that no one can back out of a lease agreement any time they choose.

The Real Estate Agent Can Help You Stage the Home

An agent will be able to let you know what things can be done to the home to make it more appealing to potential renters. You may need to spruce up the yard, paint the walls a neutral color, or have carpeting replaced to make the home as appealing as it can possibly be. The agent will be able to help you narrow down the changes that need to be made to ensure that your money is spent wisely.

The Real Estate Agent Can Help You Market the Home

A real estate agent will be able to take pictures of the home and market it to potential renters for you. This will ensure that your home is rented as soon as it possibly can be so that you can start receiving the rental income right away. The agent can promote the home online and to other agents to ensure it gets rented quickly.

Real estate agents do charge a fee for their help, but it is well worth it if your home can be rented quickly. There are some companies who also offer rental management services that may be beneficial to you, if you do not live near the rental property. For more information, contact companies like Charles L Moles Real Estate Services.