Make sure the house for rent is in good shape
Before you rent your home, make sure all appliances, plumbing and wiring are working properly and all flooring, walls and foundations are sound and clean. Check that all doors, stairways, windows and fire escapes work, and ensure that exterior walls, decks/patios and the yard are clean and safe. The outside of the home is the first and often the most lasting impression for a potential renter, so make sure it looks appealing. Also, note the condition of all these items, and the house in general, for reference when the renter moves out.
Appraise your rental listing
To determine how much to charge for rent, you first need to know how much the house is worth. Consult a property manager for an appraisal.
Choose a rental price
The right price is based on a number of things: Location, nearby home prices and property value. Good locations – those that will raise the rent of your home – offer close proximity to universities, shopping districts, metro stations, office parks and popular attractions. Locations that will require a decrease in price are crime-prone and/or far away from local amenities. Also, check other rental prices around your property listing, particularly those with equivalent sizes and features, to gather a price range. When determining a rent price, you’ll also have to consider perks such as provided furnishings and allowing pets. Lastly, list the rental home at a slightly higher price than you seek, then adjust based on reception.
Find a renter and lease your home
After advertising the home for rent and receiving leads from Rentals.com, you can check the rental history of prospective renters to choose the one best suited to your property. Then decide on lease specifics. Although most leases run for one year, are you willing to accept a six-month lease? Nine-month? Is subleasing okay? Pets? Smoking? Make sure your lease covers all these issues clearly and thoroughly.