Posts Tagged ‘rental agreement’

Rent Your Long Term or Seasonal Rental Property: 5 Things You Should Know

Wednesday, October 5th, 2011

Rental Condo: Living Room

1. Set Appropriate Rental Rates
Research your rental area. Are your rates realistic to comparable rental homes? If you’re asking five times as much as other homeowners, you may not get any real rental interest. And when the rental market changes you should adjust your rates accordingly and always make sure to update your rental rates on rental home listing sites, like SelectDwelling. How To Determine Rental Rates?

2. Take Quality Photos
Would you rent a home if all the photos were dark, pixelated and of the backyard? No, you probably wouldn’t. Photos invite the possible renter into your home. They help sell the rental. Take good quality photos of the main rooms of your house and any other rental amenities—water view, clubhouse, pool, tennis courts, golf course–these are enticing rental features. Check out: Rental Photos Matter: 3 easy steps to taking them!

3. Write Accurate Rental Property Descriptions
SelectDwelling makes it easy to fill-in your rental home details with 1-click buttons and menus, but the accuracy of your rental property descriptions is key. This is the main information that possible renters have about your house amenities, features, location, and your contact information. Keeping this information current and complete is a good policy to follow to attract renters.

4. Respond To Rental Inquiries Immediately
Rental property owners should check their email frequently. SelectDwelling offers a contact form on each rental listing that sends an email directly to the homeowner from the possible renter. We’ve all heard, “the early bird gets the worm”, and this remains true for booking rental homes. Make sure your phone number is current and check your voicemail and email often. Southwest Florida Rental Owners – How’s your response time?

5. Prepare Your Florida Lease Agreement
As a landlord you will need a written rental agreement stating the rights and obligations between you and the tenant. There are several sites online to purchase a florida rental lease, but its always a good idea to have your lawyer review all the clauses and making amendments as needed. Also, as a rental home owner, you should be aware that if you rent your home for less than 6 months then its your responsibility to collect a “resort, bed, transient tax” from your renters, and this clause should be added to your Florida lease. Go to your local county tax collector website to download the application and to verify the current tax rates. Tourist Tax: Are You Collecting?

Staying current, accurate, and offering quality photos will help you have rental home success.

Long-term and Seasonal Home Rentals in Southwest Florida