Things You'll Need:
- Newspaper Ads
- Leases
- Property Condition Report
- Rental Applications
- Pens
- Pens
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Step 1
Consult local building and zoning authorities to see if any rental restrictions apply to private residences in your area.
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Step 2
Review mortgage documents for restrictions about renting out your home while the mortgage is in effect.
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Step 3
Determine how much rent you should charge by checking rental rates of similar properties in your area in the classified section of the newspaper.
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Step 4
Advertise your property to attract applicants.
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Step 5
Prepare or obtain a rental lease for the property that spells out specific terms and conditions.
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Step 6
Interview prospective tenants while showing the property. Accept applications and security deposits.
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Step 7
Check credit, personal, and rental references of applicants, then select tenants for the property in a non-discriminatory manner.
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Step 8
Review the terms of the lease with the selected applicants to make sure they understand all conditions before signing.
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Step 9
Conduct a "walk-through" of the property with tenants on the day they move into your home and have them initial a "property-condition report" that verifies the current condition of the property.














Comments
arogges said
on 11/17/2009 You can use free online property management software at www.rentiseasy.com to keep track of all of your tenants, payments, properties, damages, and much much more. It's really easy.
ponkeymeat said
on 7/24/2009 You can actually get a lot of that info already found out about potential tenants at GOTRENTER.COM. You can search for a tenant and contact them yourself. Saved me some time for sure...
writetruth said
on 3/29/2008 Interesting Article ~~
grouch said
on 3/28/2008 I looks like you have thought of everything. yes you can check personal finace on your own as long as your request is for business use.
shahbasharat said
on 3/28/2008 http://www.ehow.com/how_2134656_good-tenant.html