Should I rent out my home?

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Many people don’t realize that Right Size Realty offers property management services in addition to helping buyers and sellers. Our property management services include:

  • Listing your home for lease on the multiple listing service (MLS) and offering co-operative commission agreements and multiple other websites to expand the net to find tenants.
  • Fielding calls and showing the property to potential renters.
  • Vetting applicants including (a) credit worthiness, (b) income, (c) criminal background check, and (d) eviction history.
  • Maintaining documentation, collecting a security deposit and holding it in an escrow account, collecting and documenting rent and requests for repairs.
  • Coordinate property repairs and maintenance.
  • Conducting pre and post lease walk throughs with tenants and documenting the findings.
  • Adhering to guidelines prescribed by the National Associations of REALTORS Code of Ethics.

Everyone has heard horror stories about unethical and unprofessional property managers. Fortunately, there are some defining characteristics to look for in a property manager.

  • A good reputation. Run a Google search and see if there are any negative reviews and check the Better Business Bureau website for complaints. Ask for references.
  • Tenant Screening Procedures. Ask the property management company for the tenant screening procedure.
  • Written contracts for property management and tenant lease agreements.

If you have thought about renting your home, please give one of our agents a call to discuss our property management services.

Rodney McCoy | 601.383.1019 | rmccoy@rightsizerealty.com

Jamie McCoy | 601.259.0461 | jmccoy@rightsizerealty.com

Andrew Tyre | 601.842.4270 | atyre@rightsizerealty.com

Dianne Nelson | 601.421.7094 | dnelson@rightsizerealty.com

References:

Hayden, B. (February 9, 2015). What to Look for in a Property Manager. REALTOR Magazine. Retrieved from: https://magazine.realtor/commercial/feature/article/2015/02/what-to-look-for-in-a-property-manager

National Association of REALTORS Code of Ethics (January 1, 2020). 2020 Code of Ethics & Standards of Practice. Retrieved from: https://www.nar.realtor/about-nar/governing-documents/code-of-ethics/2020-code-of-ethics-standards-of-practice