Quote:
Originally Posted by MsPCGenius
If I understand the concept, this website is limited to advertising your property. What I would like to know is how you handle all the mechanics of the rental process. Do you hire a property manager?
Things that come to mind...
Background check (if any)
Collection of deposits, rent, applicable fees, contractual paperwork
Exchange of keys, gate passes
Required repairs during rental term
Review of home post-rental (to determine if security deposit is returned)
Cleaning house between rentals (and possibly during long-term rentals)
My primary home is out of State so would not want to be on-call 24/7 to a renter. Help me to understand how to make it work.....
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Things that come to mind...
Background check (if any)
Its called the phone - interview the potential tenant. Also, get all your money at least 60 days ahead - downpayment with lease, remainder plus sec deposit 60 days before move in.
Collection of deposits, rent, applicable fees, contractual paperwork
They send a check. Deposits returned by Check, start a seperate bank account. Lease is a word document, they sign and return with down payment, you sign, scan, and return by email.
Exchange of keys, gate passes
Garage code entry, everything on the table when they get there. I send a video ahead of time with all the instructions - how everything works.
Required repairs during rental term
They call - I have a guy for everything, golf cart, sprinklers, plumber, even a garage door guy.
Review of home post-rental (to determine if security deposit is returned)
Thumbs up or down from Cleaning lady by text message
Cleaning house between rentals (and possibly during long-term rentals)
Good cleaning lady - I pay her the $150 3 or 4 days ahead of the cleaning. This is the most critical thing.
Don't make it harder than it is. Almost everything is available on line. I highly recommend Villagers homes 4 rent dot com. They are the oldest and have the most ads. They are the first place people look, but any of the Villages sites are great. Stay away from AirBnB, wrong kind of renters for our market.