Renting out our Home! HELP! {NPR}

ashley_smashleyashley_smashley
edited July 2012 in Not Pregnancy Related - NPR
Hi Ladies!

Hubs and I are moving to Washington in a few weeks and will be renting out our home here in Vegas. I was wondering if any of you had any tips for us. I have previously used a property management company for my last home, and it was more trouble than it was worth. We would like to try it ourselves this time! Anyone with any experience being a landlord?

Thanks!!

Comments

  • sands3sands3
    I think @kristaf22 rents a house out. Maybe she can help.
  • YNVTishYNVTish
    edited July 2012
    Property managements are in it for themselves.

    Place it on Craigslist

    Do a credit check and look through it with a fine tooth comb. Credit tells a lot about someone. It doesn't mean bad credit shouldn't be allowed to rent. If their credit is bad don't be scared to ask for a bigger deposit.

    Make sure your tenant has a rental history with legitimate foot prints. For example a lot of things can be fabricated and falsified. Also keep an eye on how many times they've been late in their last rental properties... Cause most likely thats what you get to look forward to.

    No matter when they move in.. make sure you take first and deposit upfront and then pro rate the following month. Do not start working with the person or allowing them to pay in payments you want to start off strict so they know you mean business.

    Also... Video camera your entire place before you rent it. From a video you can always pull live shots for court if need be.

    I use to have a side business doing property management years ago.

    They have web sites for owners that you can pay to be a member with all of the legal docs like rental agreements, 3 day pay or quit and credit check apps are on it. You can also do credit checks as well.


  • mbaby1mbaby1
    i live in vegas how big is home how much r u going to rent it out for and were is it at. :)
  • MáthairMáthair
    @YnVTish I wish this app had a like option for comments. :)
  • ashley_smashleyashley_smashley
    @ynvtish that's exactly what I was looking for! Thank you!!

    @mbaby1 my home is appx 1750sqft, it's a little over 1.5 yrs old, and its on the north side in a very nice gated community with pool and park. We are thinking we want to rent it for either $1050 or $1100. The home will have a home warranty, and security system. Also has granite, and tile on first floor. Let me know!
  • ashley_smashleyashley_smashley
    @kristaf22 thanks!! We won't have anyone to do repairs, but we are getting a warranty thru American Home Shield that covers everything in the home. Thy will fix t for just a $$50 service fee. Even if the AC breaks!
  • ashley_smashleyashley_smashley
    We are making it a min 12 month lease...would it be reasonable to request a walk thru of the home after 6 months? To make sure they aren't destroying the place?

    @kristaf22 and @ynvtish
  • KylieMommieKylieMommie
    Where are you moving to in Washington?
  • ashley_smashleyashley_smashley
    @kyliemommie we are moving to the bellingham/ferndale area...its super far north. Do you live in Washington?
  • KylieMommieKylieMommie
    I live in Everett right now....between seattle and Bellingham, but I grew up in Bellingham! Let me know if you have any questions, you will love it!
  • ashley_smashleyashley_smashley
    My husband grew up in the bellingham/ferndale area as well! His family still lives up there, its so nice! We are really looking forward to the cool weather! @kyliemommie
  • KylieMommieKylieMommie
    @ashley_smashley. Small world....wonder if I know him? My brother moved to Vegas and he misses the seasons. My dad still lives up there and we have tons of friends up there so we are up there all the time.
  • ashley_smashleyashley_smashley
    His last name is Arestad...there are A LOT of them up there lol...My husbands grandparents adopted 15 children through out the years! @kyliemommie
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