Everyone who wants to rent a home wants to have perfect tenants and avoid contract problems. Getting these things is easier than it seems, especially if we know the mistakes when renting a home that you should avoid. And it is that which helps you eliminate these problems in the future.
Discover the 10 mistakes when renting a home that many people make
Avoiding the lack of information can help us make instant decisions. And it is that many times we make mistakes that we can solve by consulting and analyzing things a little before doing them.
For this, there is nothing like paying attention to the old saying “teaching someone else’s head is cheap and good. ” And it is that if we pay attention to the bad things that other owners who put their properties for rent we can extract interesting information so, as not to make their mistakes.
Be quick, but cautious at the same time
One of the first things we need to know when doing real estate and looking to sign a rental agreement is that sometimes we need to act quickly. Be careful, it is important not to confuse speed with accepting the conditions and the first offer that a client makes us. It is not about being very fast, but not very slow either. We can clearly see this in the real estate market and in advertising, as demand exceeds supply.
In real estate portals as well as television and other traditional media, the purchase and rental offers rotate a lot and only last a few hours. This means that the offer is low and the demand is high, so if we want to be hired we must be quick to accept offers and if we have a good opportunity we cannot miss it.
Of course, for this, we must do the first screening to select if it is worth investing in that rental. Experts recommend going to professionals for advice and support to inform us of the situation. Thus, we can quickly evaluate an offer without fear of losing it. And it is that real estate agents work every day in a sector that they know by heart, so they can give us an objective and fair opinion. You can contact the Best Apartment for sale in Abu Dhabi if you want to buy the best apartment from Zoom Property with a parking lot and other important facilities.
Take into account when and how we rent
As owners, we must think that we are in a favorable moment for renting, but at the same time, it is a fickle period due to changes in government. Specifically, landlords are up at war over the so-called real estate market rents law. And is that if we want to rent our house we must take into account several things, one of them is the moment when we put the house or property for rent and another is how we want to do it.
A typical example is putting student housing up to rent a few months before exams start. The normal thing is to have our rental property prepared to play with a little margin, and of course, rent it for students.
The same happens with vacation rentals, if we want our property to be rented during the summer months, it is best to have the house covered four months before summer arrives. Another recommendation is to have a waiting list in case we have problems with the tenant.
Another important issue is knowing who we are going to rent the apartment to and how we are going to do it. Before we talked about the students, but we are still interested in renting it to a family. Or we may be interested in a couple, the case is to meet our ideal tenant and try to find him.
Find the desired tenant in the right place
Finding a perfect tenant is difficult, but far from impossible. Of course, we have to know where to look for it, let’s not do it in the wrong place. That is, if we want students, we will look for them on portals such as the university, we will publish offers near the campus, and we will contact friends and people related to university students and young people.
This is applicable if we are looking for another more adult profile, so we must do a small study and not think that if we publish offers on a single site and less if it is a generalist we will find a suitable tenant.
Our advice is to make offers in different places, be clear about your priorities and look for the tenant profile you want where it is. Go to ad platforms or a real estate agency, they can advise you better
Be proactive, take out insurance
Nowadays, with the problems that exist when it comes to renting, it is necessary to cover your back. Therefore, it is best to have rental insurance. And it is that in case of damage, breakdowns, or maintenance we must establish the conditions in the contract. However, certain issues such as the appliances, the works and reforms, and the condition of the apartment can cause us real headaches at the end of the contract.
It is best to write everything down and also take out rental insurance. Thus, in case the tenant refuses or causes problems, you can make a recommendation in conditions. By the way, there are agencies and real estate agencies that make it a condition only to contract with insurance, so it is an option that you should consider.
The list of tips does not end here, we have another five that we advise you to pay attention to. Here they go:
- Review the contract. Don’t think they are all the same. Things change just like the laws, so it is key to make sure that the duration of time and the conditions are what we want.
- Clearly define the conditions. We already warn you a little above. But seriously, make sure to close details like who pays for appliance damage or how much you have to pay for electricity and other services and how it increases each year.
- Always have the documentation at hand. This will avoid two things, having to look for it and you will save time to accept offers and have to be aware of visits.
- Find out and know the market. Prices vary from year to year, even occasionally from season to season. Therefore, it is necessary to be aware of the price of the surrounding homes to negotiate with an advantage and not lose offers that could be for us.
And these are the 10 tips that we hope will help you rent your home and get the best offer and tenant. As always, we advise you to do these procedures with experts in the sector since there are more possibilities of getting the perfect tenant.
