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Step 1
ADVERTISE YOUR HOUSE FOR RENT
There are many different way to advertise your rental property
Free advertising like craiglist.org, print out fliers put them on message board at local grocery stores or paid advertising like local newspaper. -
Step 2
SHOW YOUR HOUSE/PROPERTY TO POTENTIAL TENANT
When someone show interest you can make appointment to show them your rental property. -
Step 3
ASK THEM TO FILL OUT APPLICATION FORM
If they are interested to rent your house the next step is to ask them to fill out application form that contain name, address, phone number, social security, employment history, previous address, rent history, referral and their signature. -
Step 4
ASK THEM TO FILL OUT CREDIT CHECK CONSENT FORM
You will check their credit and they need to sign the consent form that they understand that you will check their credit. -
Step 5
CHECK OUT THEIR CREDIT SCORE AND REFFERAL
Now you need to check their credit history to make sure they credit worthy persons and call previous landlord to get more information if it was any past problem. -
Step 6
SIGN LEASE AGREEMENT
After they pass credit history and referral check then next step is to sign the lease agreement, you can create your own form, get it form www.nolo.com , leasing book, etc. -
Step 7
SECURITY DEPOSIT AND PRORATED FIRST MONTH RENT
At the same time they sign the lease agreement, they should give you check for security deposit which is usually one month rent and if they don't move in the first of the month then the first month rent will be on prorated basis. -
Step 8
MOVE IN CHECK LIST
Few days before your tenant move in, you should do a walk through check list. You will need this list when tenant move out to make sure everything in the same condition when the move in except normal wear and tear.
