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Using Realtors to Rent a House

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Using Realtors to Rent a House

Real estate agents are predominantly known for buying and selling houses, but some are also proficient with rental transactions. A rental agent, not to be confused with a property manager, can be especially useful for you if you are new to landlording, live out of the area, or just don’t have the time to deal with it yourself. To clarify between a rental agent and a property manager: a rental agent will market the property, assist with the rental leasing, show potential tenants, and fill the vacancy, once this is done their job is complete. A property manager may sometimes assist with the rental process, but their main job is to manage the property full time.

So, what are the benefit to using a rental agent? The property will need to be marketed well to generate plenty of potential applicants and who better to do this advert than a realtor! They have plenty of experience is advertising homes for sale and know what makes for a compelling description.

A good realtor will be known for prompt replies and customer interaction meaning they are more likely to reply to applicants quickly, they also have time during their day to arrange viewings and meet with individuals that might be suitable. A rental open house might also be an option which again is something a realtor will be experienced with.

Realtors spend time networking, finding new clients, and dealing with other rental agents, this means they probably already have an index of people looking for rentals or can find leads from others. All this networking makes them a great judge of character which is great when it comes to screening applicants.

The real estate market is constantly changing and the same applies to the rental market. Realtors know this market and can advise you on competitive prices to maximize your income. Too high a price will push renters away and have your property sitting vacant for too long.

Realtors are experienced in drawing up contracts and will most likely already have a draft rental agreement for you to work with. They can advise you on the best terms and conditions to include and can even assist you when the lease is due for renewal.

Finding the right rental agent can be tricky and I’m sure you have questions you want to ask when interviewing but here are a few suggestions that might help.

  • How much experience due you have with rentals?
  • What services do you offer?
  • What are the fees and additional costs?
  • Will you manage the property after filling the vacancy?

If you are not experienced at dealing with a rental property a realtor might be the way to go. Yes, you will have additional costs using a realtor but with their knowledge and experience they could make you money sooner and make the process a lot smoother.

If you are looking for a rental property it can also be a great option to hire a realtor for the process. Again, there are many benefits to having their wealth of knowledge and experience, a realtor is experienced in judging people, negotiating deals, and they know your rights.

Posted in Uncategorized on September 3, 2021 at 3:08 am.

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