My photo
Columbus & Central Ohio, United States
DeLena Ciamacco is a well-known, respected Top Producing Realtor in Central Ohio. Her myriad of accomplishments, recognition, and professional credentials as they relate to Real Estate, make her a perfect individual to provide insight to the masses on all aspects of Real Estate sales. Her creativity and honest approach to marketing Real Estate has enabled her to succeed in her career. DeLena’s philosophy is “An educated and well prepared Buyer or Seller is a smart Buyer or Seller”. Her desire is to inform the public, by pulling from her 20+ years of Real Estate sales & Marketing, what is necessary to get to a successful closing in these challenging times.

Wednesday, October 22, 2014

Three helpful tips for renting out your home



(NewsUSA) - Home ownership has always been a part of the American dream, but that may be changing.



According to an online survey commissioned by the National Apartment Association, 76 percent of consumers think that renting is preferable to owning a home in today's market.



Likewise, some homeowners believe it's better to rent out their home than to sell it for less than its worth, if they can sell it all. Those considering renting out their property shouldn't make a hasty decision. Neglecting to weigh the costs and potential risks could put first-time landlords in a poor situation. Moco, Inc., a company that provides screening services to property owners, managers and employers throughout the United States, offers the following tips:



* Look at the numbers. Renting might not be the best option. If you're going to lose money each month, it might make more sense to sell, even if you won't get your asking price. Consider all potential costs, including property taxes, income taxes on your tenants' rent, maintenance, and the normal wear and tear your property will experience. Remember that you won't be able to pocket all of the rent money; you will have to put a portion of it back into the property.



* Find quality tenants. Nightmare tenants can be, well, a nightmare. Prepare for a careful screening process. Many private landlords can't access the quality screening products available to larger businesses without going through a lengthy certification process. However, you can avoid time and expense by asking your applicants to visit MyScreeningReport.com. The report includes a consumer credit report, SSN verification, comprehensive criminal search, eviction search, national sex offender registry search and an OFAC (federal terrorism database) search - everything you need to determine whether a potential tenant meets your standards.



* Use an all-encompassing lease. Whether you use a template or hire an attorney to write your lease, make sure that the lease clearly states your expectations. The lease should state who is responsible for what, when you expect rent to be paid and what penalties you will impose if it is late.



For more information, visit www.MyScreeningReport.com.



No comments:

Post a Comment

There was an error in this gadget
real estate forums Real Estate Blogs Directory - Directory of real estate blogs and blogs of industries affiliated with and serving the real estate industry. DeLena Ciamacco on Zillow Realtor ratings and reviews of Delena Ciamacco DeLena Ciamacco (RE/MAX Connection, Realtors): Real Estate Agent in Westerville, OH Westerville Real Estate Real Estate agents Worldwide real estate companies directory and property buyers and sellers guide.

Buying-A-Home.com - Home Buyer Guide Information about common buyer problems every first time home buyer needs to know! Property Directory. We are listed under Residential Estate Agents Real Estate Agent Directory