Making the decision to buy a house is a big decision, but choosing to keep your current home as a rental property can be an even bigger choice. If you are in this position, it might be a good idea to hire a real estate agent to help you rent your current home. Real estate agents primarily help people buy and sell homes, but many agents also offer services for rental properties. Here are three reasons you should consider hiring a real estate agent to help you with this.
Agents Get Leads
One of the best reasons to hire a real estate agent for this is that they receive leads all the time. People do not only call agents for help locating homes to buy or for help selling homes, but many people will also call a real estate agent when they are looking for a place to rent.
In addition, real estate agents often know the situations of many clients, and they can offer help for those that need rental properties. For example, if a client's house sold really fast and he or she was not yet prepared to move, the client might need a rental property for a period of time. The agent in this case would know this and be able to offer the house you have for rent.
They Know How To Get The Job Done
Real estate agents also know the real estate market well. Hiring an agent can help you determine what work you should do on the house before renting it, and the agent can help you with creating a lease agreement and running background checks. Real estate agents are very good with rental laws too, and your agent will be able to answer all the questions you have.
It Will Relieve You Of Duties
Finally, you will have to understand how much time and effort it can be when you become a landlord, and you should ask yourself if you really want these extra duties. If you want to keep your home as a way of earning long-term revenue but do not want to be involved in the day-to-day tasks, hiring someone to maintain the property will be vital.
If you hire a real estate agent to do this, you will have to pay a commission to him or her; however, you will receive a lot of services in return. The agent will find tenants, fill out paperwork, and handle the repairs that are needed, and this means you will not have to worry about any of these tasks.
Renting a house can be a good idea if you have enough money to maintain two households. To learn more, contact a real estate agent today.
Once you sign the sale contract with your listing agent, there's a good chance that things will start moving quickly. Your agent will want you to stage your home for the listing photos, open houses, and showings. If you've never experienced the staging process, you may not know exactly what to do or where to start. The information on this site will help you to not only understand what's expected of staging but also offer tips for you to maximize your efforts without investing a lot of time. I hope the information here makes your home sale process a little bit less confusing and a little easier to manage.