Renting out a home is becoming the obvious choice for many homeowners/investors but realistically how long should your home be sitting on the market? Many agents are choosing to focus on rentals due to the difficulties they are encountering in the buyer/sellers’ market, however, you want to be sure that the agent you have representing your property is experienced in handling rentals. Every month that goes by is a mortgage payment coming out of YOUR pocket or money NOT coming into your pocket. Choosing the right agent is extremely important when it comes to listing your property.
MAKE SURE YOUR AGENT IS PRO ACTIVE
Many agents have a laissez faire attitude and wait for other agents to bring them the right renter. You want to make sure that your agent not only has the experience and connections to find you a quick renter but is also actively catching and pursuing leads. There are many marketing outlets available on the internet and no reason why your property should not be visible to all potential renters.
MAKE SURE YOUR AGENT CARES ABOUT PRESENTATION
Presentation of a rental property is something that I feel is often overlooked by inexperienced agents or agents that frankly just don’t care; they tend to feel that the ‘look’ of the home is not their problem and they couldn’t be more wrong. Aside from making suggestions pertaining to cosmetic improvements, staging, an agent should always be sure that the home is clean. Sounds simple but many times vacant homes can become messy looking just by the amount of visitors that are coming in and out, would your agent be willing to ‘tend’ to simple maintenance of the home? Smells are also important, they are the first thing I notice walking into a property. Hot weather, carpeting, many vacant homes tend to smell ‘stuffy,’ would your agent consider buying an air freshener or would that be asking for too much?? Taking proper pictures is crucial to the marketing of your home. Pictures are the first impression of your property to potential renters. They don’t have to be professional grade but they shouldn’t be blurry and have dark shadows either. Make sure that you request to see the images your agent will be posting.
MAKE SURE YOUR AGENT IS FULL TIME
I understand that for many real estate is a part time job, however, you as the owner really need to understand what that means. There have been many times when I have called to inquire about a property for a prospective tenant and there has been no answer until later in the evening, if that, no reply to emails, which nowadays has no excuse. These are all leads that you’re losing because the agent you selected is unavailable during working hours. Marketing is crucial and unless the agent’s day job is very lenient are they really going to be marketing your property during their work hours? Probably not, your home will probably get marketed when they have time. The main benefit of hiring an agent to rent your property is to make your life easier and to get the job done quickly, make sure that your agent is doing this for you.