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Friday, November 26, 2010

3 things to know before you list your home for rent

By Laura Sullivan
Virtual Properties Realty

If you want to lease out your home, here is my advice:

1. Use a Realtor or property management company that will look out for your best interests. Doing this your own is a lot of work, so if you are not up for the task then use someone that is licensed and professional to represent you. Ask the agents you interview whether they just list the rentals
or if they do property management. And get EVERYTHING in writing!

2. If your home is on the market, strangers will be coming through it. Protect your valuables and your prescription drugs too (seriously). If your home is vacant, the take some precautions like leaving a radio on and some lights (setting up a timer is even better). Leave the home staged if possible to make the home seem occupied. Also be sure to periodically check on your home (or have the agent do this) to make sure nothing is missing or broken and that the doors are locked. Never ever leave the dead bolt
unlocked – it is unbelievably easy to open a door if its only has the doorknob lock in use.

3. When a potential renter shows interest in the home insist upon a credit check, background check and references. Make no concessions to people who offer more money upfront in exchange for no background/credit check. Usually this is a sign that they are up to no good.

Renting, buying and selling is already stressful enough. Don’t make it worse by becoming a victim to scams or by signing documentation and not being fully aware of the policies outlined within it. Ask questions, do your research and protect yourself!

For more information on home buying, selling, or renting, contact Laura Sullivan of Virtual Properties Realty at or call her at 404-932-1219.

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