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Ten Questions to Ask Before Renting Your Home
Ten Questions to Ask Before Renting Your Home
Ten Questions to Ask Before Renting Your Home
Ten Questions to Ask Before Renting Your Home
Ten Questions to Ask Before Renting Your Home
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Ten Questions to Ask Before Renting Your Home

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People who are having a difficult time selling their home often consider renting it to increase cash flow. Have they really thought this decision through?

People who are having a difficult time selling their home often consider renting it to increase cash flow. Have they really thought this decision through?

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  • 1. 10 Questions to AskBefore Renting Your Home
  • 2. 10 Questions to Ask Before Renting Your Home 1. How will you respond if your tenant says they can’t afford to pay the rent this month because of more pressing obligations? 2. Because of the economy, many homeowners can no longer make their mortgage payment. What percent of tenants do you think can no longer afford to pay their rent?
  • 3. 10 Questions to Ask Before Renting Your Home 3. Have you interviewed a few experienced eviction attorneys in case a challenge does arise? 4. Have you talked to your insurance company about a possible increase in premiums as liability is greater in a non-owner occupied home? 5. Will you allow pets? Cats? Dogs? How big a dog?
  • 4. 10 Questions to Ask Before Renting Your Home 6. How will you actually collect the rent? By mail? In person? 7. Repairs are part of being a landlord. Who will take tenant calls when necessary repairs arise? 8. Do you have a list of craftspeople readily available to handle these repairs?
  • 5. 10 Questions to Ask Before Renting Your Home 9. How often will you do a physical inspection of the property? 10. Will you alert your current neighbors that you are renting the house? BONUS: 11. Do you have a lease? Do you understand it? Responsibilities?

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