Do you have a house or an apartment that you wish to give on rent? If so, here are a few of the basic steps you need to cover when giving your property on rent.
Make Your Property Fit for Living In
Before giving your house or apartment/s on rent, you need to ensure that it is in a suitable state for occupation. There are many areas you need to look into, such as ensuring that the rooms are clean, common areas are kept in a state of repair, and all electrical facilities are in working order and getting air conditioning service for all the air conditioners.
As a landlord, it is your responsibility to maintain your property such that it is suitable for use by your tenants. Many landlords neglect this responsibility, choosing to leave their properties in unfit states and leave their tenants to deal with any problems that may arise especially on wirings. Visit this http://www.robear.com.au/ if you are looking for an electrician from Toowoomba.
Advertise Your Property
The first step in giving your house on rent is to advertise it; you could either put an advertisement in the papers or online. Make sure to clearly describe the house or apartment you have to offer (number of rooms, bathrooms, etc), the location and the amount you are expecting in terms of rent. Your contact details, of course, must be included as well.
How to Select Your Tenants
Once you have some potential tenants, you will now have to select which one/s you will be giving your house on rent to. The kind of tenant you are willing to accept will depend on your own personal preferences and criteria. For example, if you are a landlady and you are giving on rent a room in your own house where you also live, you would probably prefer to have a female tenant. Another example would be, a landlord that prefers to rent out his apartments to working adults, as opposed to, say, students or unemployed persons.
When selecting your tenants you must also make certain that they are financially stable enough to pay the rent, so that you won’t have problems with them being unable to pay later. Also attempt to gauge their characters to determine whether they are honest and trustworthy; try to avoid, as far as possible, people who seem suspicious and deceitful. In reality, however, it is difficult to accurately assess people and only once they have been your tenant for a while will you know their true natures.
Draw Up a Legal Agreement
Once you have selected your tenant/s, you should then draw up a legal agreement regarding the rent. This serves the purpose of making matters formal and it ensures that both parties are clear on their rights and obligations. It will also serve as a point of reference in the event of any problems between you and the tenant/s.