Renting out your condo is a great way to bring in a little bit of extra money- or it can be a great full time income if you have multiple properties. Either way, if you own a forest woods condo unit and you’d like to rent it out, here are some tips for getting good renters.
First of all, you want to start by making sure you have high quality photos and a well written description of the property and it’s amenities. Keep in mind that most of the time, a vacationer finds information on their rental online- and the photos will make a big difference in the property they go with. Always be sure that your photos accentuate the positive in your property. If you don’t have a good camera or you don’t have the skills to take great pictures, consider hiring a real estate photographer.
In addition, as mentioned, you need a well written description. Take some time to go through some of the websites you plan to list on and read through some of the listings that are highly rated to find out what a successful listing entails. You must make sure that it is engaging, highlights the amenities of the property and is concise. You want to be sure to also include limitations such as being inaccessible to handicapped persons or limited parking.
Finally, you’ll want to create a strong rental contract that will offer protection to both you and your renter. You can check most of the home rental sites for a template that you can work with. Still, you may wish to hire an attorney to help you tailor it to your local conditions and regulations. You must at least specify how much the rent will be and when it is due, how long the renter will stay, specific rules for the property, clearly outline anything the renter will be liable for, and requirements for any notice given by tenant or landlord to changes in the agreement.