In these days of economic uncertainty, many people are looking for a passive income stream to help create financial security for themselves. One of the best ways to do this is to turn a property you own into a long-term rental. An investment property can be a fantastic business proposition but it can also be scary or overwhelming, especially if you have never done it before. We have some tips to get you started.
The goal of any landlord is occupancy. The easiest way to get renters is to make sure your house is both functional and inviting. Unless you are planning on renting the home fully furnished, remove everything before you show it. This gives potential renters the opportunity to imagine the place as their own, with their own furniture and decor in it.
Make sure the house is clean and take care of all repairs before you show it. A home that is well-maintained is more likely to attract responsible tenants. And when listing the place, don’t skimp on the details. Take high quality pictures of both the inside and outside and use a well-written description. Don’t be afraid to enlist support for this, especially if you are not much of a writer.
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