If you are
looking to rent your furnished apartment while you take a new job in a new city or
while you take a trip, you need to think about certain things before deciding.
Any changes made to the rent laws in the city can impact you.
You need to
follow these 5 strategies before renting out your fully furnished apartment.
Tenant screening
If you wish
to have a good experience while renting out the apartment, you must find the
best client. Your priority is to locate the tenant you are most comfortable
with. The person should also be someone who can fit into the community.
Landlords
often do not go the extra mile in calling or requiring references and making
background and credit checks. You should never make that mistake. You must
always ask for references.
Obtain insurance
If you are
about to rent out a condo or co-op, the insurance should be revised. The policy
that you purchased as an owner will not protect you now as a property owner.
You need to revise the policy or get a new one. The tenant must have renters
insurance to help cover their liability and property. Taking some pictures of
the furniture condition can be helpful as well.
Get a furniture deposit
When you
are allowed to get a security deposit for renting your apartment that is
restricted to a month’s rent, you can also get a security deposit for your
furniture. This helps you have an individual agreement for your furnishings.
However, the reforms are complicated to understand. You need to seek the help
of an attorney to see whether or not you are allowed to get another deposit on
the furniture in your city.
Be in touch with the tenant
It is never
a bad thing to phone or email the tenant once a month or twice a year to ensure
nothing is in bad condition during the rental period. This lets you maintain
the rental quality. When you get it in writing, your tenant cannot make excuses
later that the sink has not been working for 3 months and claim for a rent
rebate.
Send a cleaner
Landlords
who rent out furnished apartments often need an obligatory cleaning fee that
covers the cleaner’s cost who visits the place every week or month. Frequent
cleaning will offer the furniture additional protection against pet or spill
damages. Remember this is another section that involves some complications
according to the rent reforms.
Corporate Housing Experts offer custom housing solutions to
their clients. Regardless of whether you are seeking relocation housing,
insurance housing, or temporary jobsite housing, their experts can help fulfil
your requirements.
Original Source: 5 Strategies for Renting out your Furnished Apartment Safely
