Some people will buy a home with the intention of renting it out. Rental properties are a great way to make some extra money in a down economy. However, you have to make sure that you are getting a tenant who can pay the rent on time.
How To Find A Renter For Your Home
There are many great ways to find someone to rent your home. The best way is to ask family or friends if they know anyone who is looking for a place to stay. Another great trick is to place large signs outside the property indicating that you are looking for a tenant. The Internet is a good option to consider as well. Read the rest of this entry »
Do you own a home that you want to rent out or perhaps an extra home available to you through a marriage or inheritance? Instead of allowing it to sit and cost you money in payments and taxes, you can rent it out and make a profit from it. It can be tricky to become a landlord for a rental property, but if you follow some basic home rental advice from those who have experience with renting properties out, your chances of success improve greatly.
Search for a good tenant first. There are multiple ways to advertise including online, newspapers and by word of mouth. Check all information on the application including references, criminal history and credit to assess whether they will be likely to make rent payments on time each month. Read the rest of this entry »