Market Conditions in Beverly>Question Details

Kate, Home Seller in Beverly, MA

I want to rent my house

Asked by Kate, Beverly, MA Sun Nov 25, 2007

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14
A friend of mine listed her property and other stuff on http://rentnotbuy.com. It is free and searchable by location. Hope this helps.
Web Reference: http://rentnotbuy.com
1 vote Thank Flag Link Fri Feb 8, 2008
Hi Kate,
I see you are new here, like me. I am a Property Manager and Licensed Realtor in the Seattle/Tacoma area of Washington State. I have owned my own rentals for 30+ years. Not sure where your property is located so it will be real hard to give you any solid advice ...but maybe this will help:
1. Q.... what to charge?
A. Simply research your area via websites like rent.com or realtor.com etc and see what others in your area are charging. Drop your price a tiny bit below market and you will also keep your renters longer with less fuss with move-outs etc in general.
2. Q...do it yourself or pay a professional company?
A. If you have the time, resources, ability and thick skin... do it yourself and save about 10% in fees. Make sure you have good insurance and insist that your renters have "Renters Insurance". Professionals are like in any other industry, you must interview them and go with your gut feeling, after calling the BBB etc.
3. Q... either way you want to rent your home, so advertise it yourself or hire an Agent?
A. Either way is ok, again depending on your abilities and how strong you are. My wife tells me that I am a softie and give in to renters too easily without proper background checks sometimes. Yep, it happens. A professional will probably check people out carefully and be more strict in general if its not in your nature.
4. Q.... downsides?
A. Oh yes. ----- the downsides of renting is generally that renters can sometimes cause a lot of damage and not move out when expected, sometimes forcing an eviction and lost time which is money. In 30 years of renting our properties we have had several bad tenants, one kicked holes in the walls and stole all of our appliances and another caught the place on fire which resulted in our insurance paying $40,000 in damages.... BUT, that being said renting is probably one of the best things you can do if you are strict and stick to your guns. Do not play with it or be emotional, its just business. You can wait out the bad times when the market is against sellers, and your property will probably grow in Equity in most cases while the tenant pays the mortgage payment. Personally, I hire a professional Eviction Service now rather than do my own evictions and we are stricter now than years ago too. As time goes by rents go up, but your mortgage stays the same. (tell me you DON'T have an ARM...) :)

In any case, good luck. You can do it.
-Don Leske II / Associate Broker & Realtor
1 vote Thank Flag Link Sun Nov 25, 2007
We built a page specifically for this question: http://www.freerentalsite.com/rent-my-house/

Please let me know your feedback.
0 votes Thank Flag Link Wed Jun 29, 2011
free list your house check this web http://www.vhrbyowner.com
Web Reference: http://www.vhrbyowner.com
0 votes Thank Flag Link Wed May 5, 2010
Check out http://www.rentshout.com if you are looking to advertise your house rental online. This service advertises your rental on 60+ rental sites, video portals, social networks and search engines.
0 votes Thank Flag Link Tue Jul 7, 2009
Hi Kate, If you are thinking of renting your house in Beverly, there are not many house rentals at this time, so you could be successful. I actually have relocation people looking to rent a home in Beverly.
0 votes Thank Flag Link Fri Jun 19, 2009
Kate: I need to rent a house...what are your details? How many bedrooms, what would you like for rent? How long do you want to rent it for. We have no pets but do have 3 little kids.
0 votes Thank Flag Link Fri Feb 15, 2008
DO YOU NEED HELP RENTING YOUR HOUSE? IS IT LOCATED IN BEVERLY?
0 votes Thank Flag Link Thu Feb 14, 2008
Hello,

I am a Realtor and have had great success marketing my listings of homes for lease on corporatehousingbyowner.com and craigslist.org.

Good Luck,
Constance Koopman
0 votes Thank Flag Link Wed Jan 30, 2008
Hello,

A great place to post your rental property to many sites at once is http://www.rentmarketer.com. They post to over 60 rental and classifieds sites at once.
Web Reference: http://www.rentmarketer.com
0 votes Thank Flag Link Wed Jan 23, 2008
Hello!

I am looking to rent a house in Northridge, CA. In case you have photos to send, please email me. milaina@yahoo.com

Thanks,
Milaina
0 votes Thank Flag Link Fri Dec 14, 2007
The VERY BEST PLACE to list your rental is craigslist.org. It is free, and everyone uses it to find rentals.
0 votes Thank Flag Link Tue Nov 27, 2007
I WOULD LIKE TO RENT MY HOUSE IN NORTHRIDGE, CALIFORNIA
0 votes Thank Flag Link Tue Nov 27, 2007
Kate,

Here in Mass you have a few options. First, if you have an agency you like, you can sign an "Exclusive Right to Lease" form with one of them and your home will get listed on MLS. Of course, the Cape has a different MLS database than the rest of the state, and since you're in a desirable short-term rental location you want to make sure you're marketed to a wide range of consumers. Second, and more popular, is you can post your listing on craigslist. Most postings are free and you can upload descriptions and pictures. If you decide not to list with a single firm I would suggest calling every office in town and allowing them to market the rental for you. You are only responsible for paying the company that finds you a tenant. You can also try to get the tenant to pay a portion or all of the rental fee depending on how you price your home.
0 votes Thank Flag Link Sun Nov 25, 2007
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