If you want to give your house on rent or live on rent, you should take the help of expert Katherine Bonnici. She provides tips and tricks before renting out the houses.

1. Katherine Bonnici — Tips & Tricks
Before Renting Out Your Home

2. Katherine Bonnici — Renting your property may seem like an easy
way to increase your passive income, but upon starting the process,
you may find it to be more complicated than expected.

4. Your house may sit on the
market for months without a
rental applicant because it is
priced above the fair market
rent. Katherine Bonnici says a
bad tenant may be late or
outright refuse to pay rent;
they have the potential to do
thousands of dollars in
property damage and may
ignore your attempts to evict
them from the property until
authorities are involved.

5. 1. Take Photographs of the Property
Photographs of the property are
necessary for several reasons. They
are an important part of online
advertising — otherwise, favorable
rental listings without pictures of the
property are often passed over by
potential tenants because they do not
want to have to wait for a house tour
to find out that the property does not
have a layout or design that suits
them.

6. 2. Assess Fair Market Rent
While it may be tempting to charge higher rent to make money
back on recent renovations you may have done or moving costs
from when you left the property yourself, the best thing to do is
conduct market research

7. 3. Create a Concise,
Effective Rental Application
An effective rental
application will not
intimidate potential
renters with its length but
will be comprehensive
enough that it can be used
for tenant screening
purposes.

8. 4. Consider Using a Property
Manager
Property managers will
typically charge a percentage
of the monthly rent for their
services, but in exchange, they
will take care of things such as
finding new tenants,
creating/signing the leases,
collecting the rent, and issuing
legal notices (including
evictions).

9. 5. Find Good Tenants
Katharine Bonnici — Finding
a decent tenant is easier
said than done — many
applicants can be friendly,
polite, and will seem to be a
good fit, but will create a
flood of problems for you.

10. Thank You For
Watching