I guide my clients with what to expect before and after placing their property for rent.
Many things to consider are LA water heater strapping, smoke and carbon monoxide detectors, mold disclosures, etc. An experienced realtor will be able to grab you hand, and guide you with all the paperwork, and other requirements.
The information you need, will be customized to your unique needs.
What does the condo look like now, what does it need to be leased legally. Just renting a place, and not making sure what the city requirements are, is asking for headaches down the road. Your tenant would be the first person to turn you in, and, in some cases, you may have to pay for their new rental place, pay them a fee, pay a city fee, legal fees, some or all of the above.
Renting a property, the right way, is not easy, but it's not hard, either; if you make sure that you take care of what's needed.
Tel. (310) 463-8088
Coldwell Banker Residential
CA BRE# 01921046
Advertise on Craigslist and all real restate sites that allow owner advertising.
After finding good perspective tenants, have them fill out the tenant application and run their credit reports. Check local and state laws for landlord tenant responsibilities.
Have an attorney create lease.
Or, work with a great realtor to make sure you have everything done legally and easier for you.
Hope this helps,
Beachfront Realty, Inc.
If you would like to have your condo rented and relieve you of the stress of showing the property, running the credit checks and making sure that the applicants are qualified for your rental feel free to contact me directly I would be more than happy to assist you.
I can be reached directly at 424-777-3930 or 424-256-3906.
I look forward to speaking with you.
Keller Williams Realty - Brentwood LA
As others have stated you'd be very wise to work with a RE professional who is experienced in PROPERTY MANAGEMENT.
As Kathleen suggested, a real estate agent can list your property in the Multiple Listing Service, but a property management company can take over after you find a tenant. Our office has a property management division. If you call me I will give you all of the details about the property management division in my office.
Realty Executives Westside
Opening Doors to Homeownership for 23 Years
Secondly, hire a realtor who can help you market the property and screen prospective tenants so you get the right person in the unit that will take care of it and hopefully not do any damage and be able to pay the rent.
Once you have the prospective tenant complete an application to rent and supply the required documents, ie: current credit report, financial, proof of income, etc.,) and you check out their references and other documentation, then you will need a lease agreement and additional disclosures.
This is where a real estate professional comes in handy. They know the contracts and can guide you though the process, advising you what to do. Education is the best thing for you at this junction...get the knowledge under you belt...ask all the questions you need to in order for you to feel comfortable renting your unit and hiring the right real estate agent to help you with the process.
Fee free to contact me directly if you have any questions. I would be more than happy to assist.
All the best,
Kat Becker, Realtor
I have a guy that does strictly leasing and property management. Feel free to email me at email@example.com so that I may give you his contact info. And, he doesn't charge that much!
Bre License #01712757
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