If you are among the lucky ones already have assets such as houses more than one and you do not live alone, then rent the house can be one of mine your money.
So, what are the significant things you need to consider before renting a house?
Agreement : The first and most important to stress is not to rent out the house without making the agreement signed by both parties. Although initially expensive, but the draft treaty, right, you can use over and over again, either for the same house and another house to be rented out – of course be modified as needed.”
Regulations : Include regulations that must be adhered to by the tenant and include in the letter of agreement. Complete also with sanctions if the tenant violated. “Regulations such as the forbidden make the building both permanent and non-permanent, making animal cage, illegal activities, and strictly forbidden to rent the house to someone else. Make sure the tenant to sign each rule on the agreement, and ask if they understand. Nothing wrong to make such a notice posted on a frame and put it in one of the walls of the house so that the tenant can remember these regulations.
Exit plan : A description of the plan when the lease agreement expires must also be written and described as plainly as possible. It includes sanctions during the late tenant to pay the rent, and the landlord the right to perform certain actions.
Household furnishings : If you do not want to be bothered, you should not have to be equipped house with furniture. In addition to the funds to prepare large enough, not all tenants have equal concern for taking care of the furniture that you provide. However, if the tenant wishes, make special arrangements and sanctions related to the care of the furnishings.
Type tenants : Do it anyway interviews with tenants, ask the workplace, their origin, check the completeness of documents such as ID cards and family cards – make a copy, and other documents that you feel the need to see and have a copy.
Home care : Make an agreement with the tenant, any maintenance and damage at your home and not. Do not charge the tenant home care entirely – because they certainly will not be as good care you as a homeowner, but also do not overload you with the utmost care costs. The principle should be 50:50. For that, do not spend the rent money you receive for other things. Set aside at least 20 percent to the cost of nursing home care. The money collected in the future you can use to renovate the house when they want to rent to new tenants.
Security : Immediately replace the keys of the rented house so changing tenants. Thus the new tenants security of your rental home will be more secure. Introduce new tenant also to the local neighborhood to avoid things that are not desirable.