How to Rent a House in 9 Steps : America....

How to Rent a House in 9 Steps : America....


By : Quick Insurance Guru

Thursday, 1 September 2022

Before you jump into the shoes of the landlord, you need to make sure those shoes are going to fit.

1. Decide if It Makes Sense to Rent 

If you’ve weighed all the pros and cons and the scales are tipping  toward renting out your home, it’s time to make a financial plan—aka a  budget.

2. Set Your Budget

Before you even think about listing your space on the internet, you need to brush up on landlord tenant laws.

3. Do Research on Rentals in Your Area

This may seem like a no-brainer, but keep your insurance agent in the loop about your rental plans.

4. Talk to Your Insurance Agent

A pipe is leaking. A tenant loses their key and is locked out of the house at 2 a.m. A door is falling off the hinges.

5. Make a Property Management Plan

A quick web search for “rental lease” will pull up millions of free templates for you to use to write up an agreement.

6. Write Up a Rental Lease

Once your lawyer gives the thumbs-up on your lease, all that’s left is to find someone to sign the dotted lines.

7. Find and Screen Potential Tenants

It’s not as simple as picking the nice couple that brought you cookies when they came to tour the place.

8. Choose a Tenant

Don’t skip out on Step 9—it’s very important. Before any tenants move into your home, you need to document the space.

9. Document the Space Being Rented