Renting a new apartment is a great way to earn extra income. If you’ve decided to do so, Thinking about renting you’ll need to follow some recommendations to ensure the process isn’t too long or difficult. To help you, at Edifica, we’ve compiled the best tips for renting an apartment.
1. Clean and repair your apartment
In most cases, once they’ve vacated their home, people think they’ve completed all the steps required to rent an apartment . However, macedonia phone number library this isn’t enough, as defects or flaws are extremely obvious once the space is empty.
Therefore, it’s important to spend some time cleaning your apartment and investing in home improvements before putting it on the market. Freshly painted walls and shiny hardwood floors usually do the trick, and the bathroom is more important than you think: no one wants to shower in a dark bathroom with a filthy (and germy!) toilet.
2. Advertise on the right channels
Now that you’ve cleaned up everything and have an apartment ready to rent , you need to set a price and write a compelling pitch to attract tenants. Once you find the website or platform you’d like to advertise on, notable examples of content marketing in luxury brands take some time to look at other apartments in your neighborhood.
Are they reasonably priced? What amenities do they include? How does your property differ from theirs? How do other owners write their apartment descriptions? Benchmarking not only helps you understand what’s available, but it also gives you a better idea of how you should advertise your apartment .
Also, be sure to include all features and amenities in your listing (or post) and use high-resolution photos.
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3. Choose your potential tenant well
No matter how you find tenants, it’s vital that you carefully screen each one, even if they’re your friends. Ask them to fill out an application form with the following information: full name, employment (including current and previous), salary, and references.
Likewise, bgb directory proof of financial status is very helpful. If necessary, you can run a background check: remember to ask them to sign a credit report authorization form and run the background check.
Identity verification
The basis of a rental application is the tenant’s personal information, and as much as we’d all love to trust human nature, you shouldn’t risk thousands of soles on the honesty of an applicant.
Unfortunately, identity theft does happen, as do some pretty sophisticated forgeries, so double-check to rule out dishonest applicants.
You should vet your applicants and ensure their information and documents are legitimate. Do this by asking to see government-issued identification, such as their ID, passport, or valid driver’s license.
When signing the lease , you can also request a copy of their Social Security card to verify the number they may have provided on their application.
Residential history
You should be aware of any potential problems in a potential tenant’s past residential history. Make sure there are no evictions on their record and obtain full references from previous landlords.
It can be helpful to ask tenants why they are moving from their last location to get an indication of how they treat the property and whether they can afford the rent.
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4. Define the rental period
Your rental agreement must specify the lease term and the exact dates from which the agreement is valid. Some landlords choose to rent their apartment for a one-year period, while others agree to a five-year lease. It is recommended that you set a one-year lease and continue to renew the contract manually.
5. Make the rental contract
In most cases, you can find template lease agreements online, and unless you have very specific requests, these agreements should be sufficient.
However, you should still carefully review each term of the lease and consult with your local legal support if you have questions or are unsure about your legal rights as a landlord.
Make sure you have everything in writing, including the names of all tenants, repairs and maintenance, late fees, and handover of the premises: how they should return the keys, clean the apartment, and whether to replace burned-out light bulbs—because as we all know, light bulbs can be expensive, especially LEDs!
Following these tips for renting your apartment will ensure the process is much smoother. Now, if you’re looking to invest in a rental property, Edifica Real Estate has 15 years of experience developing projects in the most established districts of Lima and other cities.