Renting A House

Renting a house is a great option for most people. Selecting a rental property in a city that you move to while you get officially settled is often wiser than purchasing. There are some things to consider and we will address them here. Renting out your own home will also be covered.

What Is A Lease Agreement?

A lease agreement is a legally binding contract between the tenant and the property owner and property management company. Most landlords will use a contract and most professional companies will either use their own or have their own that lines up with state and federal laws pertaining to lease agreements and fair housing. Some but not all that is covered by those contracts are shown below.

• Legal description of the rental property. Normally this is just the street address but can be a broader description.

• Amount of the security deposit. Usually the equivalent of the first months rent. The security deposit and how it is handled is strictly regulated by the state and local laws. the handling of security deposits are often what gets companies and landlords/ property owners in trouble

• Monthly rent, how it is to be paid, when the first month's rent and subsequent rental payments are to be paid and penalties for non-compliance. Most often rental payments are made electronically by draft or automatic payment.

• Application fee. Get used to fees when you are applying to rent a home. Every company charges them because it takes time and money to properly screen potential tenants with a background check and comply with laws.

• Date of move in and date of move out. Just so there is no grey area these dates are set in stone and the contract should let you know how problems with compliance are dealt with.

• Maintenance responsibilities are also addressed because not all are usually the responsibility of the landlord. You want to be performing some of the maintenance because of your privacy and access to the inside of the property.

• Subletting is your ability to sub-lease the property or part of it. In most cases this is not allowed. Everyone 18 years old or older who lives in the home will have their names on the actual lease agreement and ma be responsible for the monthly rent.

Finding The Perfect Rental Home

Renting a house will be somewhat frustrating but we will give you some tips. Rental properties are everywhere but just getting to view them is going to be a challenge for most looking to rent a house. Potential renters will most often need a realtor to view the rental home.

How To View Houses For Rent

Potential tenants will often view multiple properties before actually renting a house. The typical realtor hates this part of real estate because the pay is very low. Contacting a property manager to view their houses available often fairs no better.

Homes For Rent In Winter Garden FL

The solution is find a realtor willing to assist. That would be me in Winter Garden if I am available. Then plan on viewing multiple rental properties in one day. For heavens sake when you ever get ready to purchase remember the realtor who showed you the home you rented. In go to view rental property until you are ready to fill out a lease agreement.

Renting A House When You Are the Owner

If you want to get rental income from a house you own here are some tips for you. First find a property management company like us. Do not make the mistake of managing the rental yourself. You will most likely end up with a tenant who could not qualify for a home professionally managed. Where else can they go but a homeowner landlord?

Short Term Rental Pros Vs Short Term Rental Cons

In Orange County FL most short term renting is not allowed. There is a workaround in many neighborhoods if the owner still lives in the house. Short term renting a house takes a lot more work and management companies will typically charge around 40% plus other fees. Doing some room rental property in your home will possibly require sales tax etc. We do not manage short term rentals for countless reasons.

Long Term Rental Pros Vs Long Term Rental Cons

Finding the right renters is the key to being a successful landlord or property manager. You have to know everything about the potential renters financial circumstances to select the right long term renter. Even then toward the end of the lease you will likely have rental income and security deposit issues.

A long term rental property means you do not have to screen potential tenants as often. On the downside when you get a bad tenant or a tenant with challenges they are facing than you may have to deal with them for nearly a year.

Many Common Questions

You will get around to having problems. We just handle most of them for our home owners/ landlords. That keeps them from having to be aware of all of those state and federal landlord tenant laws.

Homeowners Insurance

Make Sure your insurance company knows you have tenants. They will find out and you will have coverage issues. One final item about renters insurance. You will need to know it is paid in full for the term of the lease and that it is not cancelled. Contact us today for professional assistance with renting a house.