Renting tips-How to Rent Out Your Property?

1
Renting tips - How to Rent Out Your Property?
2
INTRODUCTION

• If you have made a decision to rent out your
  property, then you should
• try to find some useful tips. This would serve to
  be very helpful to you
• that would never make you stay tensed at all.
• There has been a rise of renting out properties
  by homeowners. It helps
• in a lot of ways to earn passive income in the
  best and profitable
• manner. But at the same time, it has been found
  that many owners fail
• to get good tenants for their properties. Thus it
  is vital to consider some
• important points that would make it possible to
  rent out your property in
• the best way. There are some areas that you need
  to focus if you wish
• to rent out your property without any worry at
  all.

3
PLAN YOUR FINANCES

• Before you try to rent out your property, the
  first thing that you need to
• do is to plan your finances. You need to make the
  right planning as to
• how much you are expecting to get on a monthly
  basis by renting it.
• Make sure that you consider comparing to your
  mortgage along with
• other costs.
• It is very important to research in a serious
  manner in order to know
• your local market so as to get the right idea
  about the rental price of the
• similar properties. Thus you should be very
  serious in this aspect as it
• would prove to be a major decision for you to
  decide the rental price.

4
GET SOME REPAIRING DONE

• It is very important for you to keep your
  property clean inside as well as
• outside. It is the first impressions for the
  potential tenants that would
• make him or her decide in the best way. If you
  have a yard or a garden
• on your property, then it should be maintained
  well.
• Your interiors should be freshly painted that
  would attract tenants
• without taking a lot of time at all. Even if you
  find the flooring to be
• severely worn or tired, then it can be the best
  idea to consider new
• carpets. This would help in insulating older
  properties. All locks should
• be working properly so as to secure your property
  in the right manner.

5
DO IT YOURSELF OR GET AN AGENT

• You can either try to look for a tenant yourself
  or contact a reliable agent to do
• so. By using a letting agent, it would be
  possible to find the right tenant where
• they would also take the responsibility of
  managing the rentals for you. But here
• you need to provide some commission to them out
  of the monthly rent that
• might range from 15 or more.
• You should never fail to check for their charges
  so that it does not lead to burn
• a hole in your pocket for any sort of hidden
  costs. On the other hand, if you
• choose to do it yourself then you need to prepare
  all the necessary paperwork
• such as tenancy agreements and so on.

6
PROVIDE SOME REAL SPACE
There are many homeowners who underestimate the
amount of storage. It is important to note that
tenants always look for good storage when they
opt to rent a property. So you should try to make
sure of providing enough cupboard space and
shelving. You can also try to make the best use
of the space under the stairs. The kitchen area
should be well designated so that it provides
with good storage space.
7
GET YOUR PROPERTY INSURED
As an owner occupier it is very important for you
to get your property insurance done without any
delay. It might prove to be a bit expensive, but
you should never try to skip this important step.
Even if you are letting out a furnished
property, then it is mandatory to get your
contents insured in the right way. You need to
get in touch with the good insurance advisor so
that you can choose the perfect plan that would
prove to be much useful.
8
CONCLUSION
Thus it is important to consider the above points
when you wish to rent your property. These will
make it possible for you to sit back and relax
finding the best tenant without any difficulty.
CONTACT US- Ph No - 0800 689 1691 Website-
https//asktenants.co.uk/ Address - 20-22 Wenlock
Road London N1 7GU United Kingdom