I can give you a list of 100 things that are too lengthy to put in this format. How about 2 for now?
1, completely understanding lanadlord tenant ordinance and protecting landlord. My lease for landlords is 9 pages long, and up to date with the ordinance.
2, The MLS alone will not do it alone. Listings need to be on a minimum of 30 websites.
Make sure you know the rules of handling the security deposit so you don't get sued. Did you know that you have 30 days to notify and document any damage and details of the deposit being withheld and 45 days from the end of the lease to return the balance. If you fail to do it by day 30. Just return the ENTIRE amount with the required interest. If you didn't know that, you need an agent.
LANDLORDS!!!! I just got out of court today, evicting a tenant who destroyed the landlord's apartment, tore apart window screens, shattered glass, etc... I can't tell you enough how important it is to KNOW how to screen tenants and KNOW how to prevent THEM from suing you back. Isn't it ironic, to pay a tenant who has not paid rent in months? To pay a tenant who destroys your property? I give seminars on this stuff. Ask me or any lawyer who does this area. Learn or suffer the serious consequences.
LANDLORDS!!! The tenant I evicted today -- is BACK! She broke into the unit with two other guys. The police won't arrest her unless the landlord goes to the property to open the door. She will probably burn the place down. THIS is what happens when you don't know what you are doing. The landlord tenant business will give you a heart attack if you don't do it right.
That being said..........
Do you have the time to show the unit?
Do you know where to advertise it to get the most exposure?
Most importantly, do you know how to do a background check - not only for credit scores and employment verification , but for past evictions ...homeland security list check.....foreclosures, collections etc??
If you can say "yes" to all the above questions, then go for it!
However, if you want the experience , knowledge, and professionalism to help you get more and make the process less stressful, get a good agent.
Regardless, I wish you the best.
A rental agent should be doing background checks on all your possible tenants, minimizing the risk of leasing to drop dead tenants. They also look out for potential scams that could affect you. Last but not least, they also save you tons of time from showing the unit over and over again. Leaving you with more time to enjoy the rental income.