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NSD, Home Seller in Lexington, KY

I am about to put my house in Brentwood, TN up for rent. Besides the paper classifieds, any other sources for

Asked by NSD, Lexington, KY Tue Jul 15, 2008

me to put the house out there?

Help the community by answering this question:


You could try a few sites like:

To develop a good ad to post ---- go to ---- easy and free to use. This site will also auto submit to plenty of free online classified sites. Here's the list they syndicate to:

Google Base Zillow Oodle Vast
HotPads Backpage Trulia ByOwnerMLS
Properazzi DotHomes Others

That should be all you need. Most people search craigslist these days for rentals. Just make sure you get some good pics. Best of luck to you!
1 vote Thank Flag Link Wed Jul 16, 2008
In addition to craigslist and other online listing services like oodle, you would definitely want to add your listing to popular rental sites like: Hotpads, MyNewPlace,, Zilpy, Intronin. I'm not sure how accurate "Rentometer" is, but it might be fun to play with their property analyzer tool in determining rent prices.
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1 vote Thank Flag Link Wed Jul 16, 2008
Just about everything has been covered, but I'd add contacting Vanderbilt here

They are the largest employer in the area and may have someone looking for a temporary situation.
0 votes Thank Flag Link Fri Jul 24, 2009
I would stick with craigslist as your primary source -- 80% of renters use this. allows you to make a free online "poster" that you can put into craigslist, and it will syndicate it into google base and tons of other sites as well. I would also consider your prospective audience. Are you near a college? -- perhaps it would be good to put some postings up on their classified webspace or kiosks. Are you looking for families? -- perhaps there is some space around a local school to post a flyer, or even a nearby market. Beyond that use your built in social network and tell your friends you are looking for tenants. You might have an instant renter that is a friend of a friend with good references. Go work it!
0 votes Thank Flag Link Fri Jul 24, 2009
For renting properties, our MLS system has a site for rental, so I, as a Realtor will put that property on the Rental site for my clients.....if a cooperating agent has a client , the fee is sometimes the monthly rental number(and it does work better to offer some compensation for agents who work on finding rentals for their clients).....Laura
Web Reference:
0 votes Thank Flag Link Sun Aug 3, 2008
Don't forget the obvious one - a sign in front of the house! Make sure it's highly visible, and the phone number is easy to read from the street.
0 votes Thank Flag Link Wed Jul 16, 2008
Renting your home has it’s benefits and it presents some issues for you as the owner. Here’s some useful information that you can use to make a decision about what best for you.

- Rental income can cover some or all of the mortgage payments, freeing you from having to dole out the entire amount each month. You might even make a profit if your monthly expense is low enough.
- You may be able to continue to build equity at the expense of the renter -- especially if your particular market is not affected or minimally affected by the slowdown. If your mortgage has been in existence for a number of years, more of the payment may be being applied to principal, so every payment is eating into the amount owed at a faster clip.
- Landlords gain tax advantages in addition to the regular deductions of mortgage interest and taxes.


- Mortgage payments must be made even when the rental property is uninhabited. - Costly repairs and maintenance work cannot be delayed if it inconveniences the tenant.
- Disputes with tenants over tenant rights and unpaid rent could require legal representation and legal fees. - State, local and federal statutes must be understood and followed, with failure to do so often resulting in fines.
- Business costs. As with any business endeavor, there are expenses you can expect upfront, such as renovations or repairs prior to a tenant's move-in date and advertising.
- Possible property management or Realtor fees. You'll have to consider how much contact you'll want to have with renters. A property management company, which typically charges between 3 percent and 10 percent of the rent, will act as an intermediary between you and your renters. A property manager can collect the rent, find and prescreen tenants and handle maintenance contracts as well.

"It’s recommend that a landlord budget 20 (percent) to 25 percent of the rent to put in a reserve for maintenance, repairs or just in case something big comes up." That leaves 75 percent to 80 percent of the monthly rental income to cover the mortgage, taxes, insurance and possibly utilities if you're going to break even. But is that a price that tenants will be willing to pay?

Village Real Estate property management offers a full-line of property management services.

Pete Prosser
The Premier Group
Village Real Estate
2206 21st Ave. South
Nashville, TN 37212
Office: 615.383.6964
Direct: 615.279.7294
Mobile: 615.423.0890
Web Reference:
0 votes Thank Flag Link Wed Jul 16, 2008
I highly recommend that you go with a real estate company that has licensed property managers. As a homeowner of property in another state, my realtor has been invaluable in ensuring that the ads are written to drive traffic to the home; that applications are filled out (extremely important); fees are collected for background checks (DO NOT RENT unless you have performed a background check regardless of who the person(s) is/are); move in/move out forms are filled; every detail that goes with renting a place is in the hands of a professional. The cost of this (usually one month's rent) is priceless in the long run.
A word on the background check: it's not so much to determine if the potential tenant has a "hidden" criminal past (you do need to know this though) so much as it is to determine credit worthiness, prior landlord/tenant issues, employment security, etc. I've recently had a prof. couple apply to actually do a "rent to own", but when it came down to the credit report of the background check, well, there was no way they were going to be able to swing it. Looks good, smells, good, not always ripe though!
Another applicant's background check revealed numerous issues with late rent payments. Nice people, but they seemed to like buying their "toys" each month instead of paying their rent,,,,
Not to scare you off but just to make you realize the value and importance your realtor is to you in more than one capacity. We don't just sell homes,,,we help keep your peace of mind too!"
(HEY! sounds like a great "TV Line! hmmm.,,) LOL
If you need more help, check with some of the known professional agencies in your area and ask if they have a property management division, then interview them to see what they'll for you and what your costs will be. Great question! Good Luck
Tina Evans, Principal Broker
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0 votes Thank Flag Link Wed Jul 16, 2008
Many real estate companies have property management divisions. The fees are actually pretty small for a ton of work they do (thus why I don't do it). I know very little about property management (PM) since it's not my forte, however, in the first few weeks of my affiliated company starting a PM division, they had all their properties rented out. All real estate offices get tons of calls for rentals. This type of service could be a great source, too, if the on-line thing doesn't garner the results you need. The link is below.
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0 votes Thank Flag Link Wed Jul 16, 2008
Another one to try is which is similiar to craigslist. I seem to get more "hits" off of this one.

I hope this helps!
0 votes Thank Flag Link Wed Jul 16, 2008
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