Reply to Best way to rent out a SFH

Forum Index » Real Estate

Reply to "Best way to rent out a SFH"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]We rented out our house in FCC this year for the first time. We have handled it ourselves instead of using an agent or property management company. We spoke with a couple of property management companies and were told it would cost one month’s rent for them to find a tenant, and an additional month’s rent to manage the property. That added up to enough that we wouldn’t be making much money on it, so we decided to handle it all ourselves.

We used Zillow to list it and find tenants, and we were able to use Zillow for applications as well. The site/app will do the credit check, etc. for you. I’m not gonna lie, doing all of this was a pita. It almost felt like a full-time job to field the messages of interest/requests to see the property. And people will express interest, set an appointment, and then ghost you. Unfortunately, Zillow allows people who are looking for a place to pay one application fee (I think $35) and apply to as many places as they want. This means that you get a lot of applications from people who aren’t necessarily that serious, and it makes things a little harder. But all in all, Zillow is very convenient to use. As far as managing the property goes, fortunately my DH is pretty handy. So when stuff goes wrong, he’s able to fix it himself. I think we did hire someone to do one thing that needed to be fixed, but generally speaking, we can handle it ourselves.

The biggest bit of advice I would give to you if you’re renting out a place, is just limit consideration to those who have a credit scores of 740 and above. I read that advice somewhere, and I think it’s really good and that is what we did. Folks with scores that high don’t tend to fail to pay their rent or leave your house a disaster.[/quote]

Thanks so much for this detailed answer, PP.

-OP[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics