If you decide to take over the tenancy yourself, be sure to look at the rights of the tenant/lessor. Each state has different rules, but make sure you know everything you can before entering into a contract with a tenant. There may be specific rules for people with disabilities and your contract should deal with this. This is very important, as it will guide you if you write the lease. Most office supply companies have a large number of leases. Be sure to choose one that best spells your expectations. For example, if you intend to have a “No Pet” rule, make sure your contract is clear about it. The first thing you need to determine is whether you can rent the old house for enough to cover the mortgage payment if you have one. A good idea is to consult with a local home management company to find out what a reasonable amount would be to claim rent, and while you`re at it, you`ll find out what the costs and benefits of hiring a home manager are. This is often the best option.

If you put your rent under administration, you`ll save yourself the trouble of examining your potential tenants, creating credit information, and creating the lease. In addition, the lessor is your interlocutor for the collection of rents and the organization of the necessary repairs by setting repair schedules in the comfort zone of your tenant. Whatever you do, if you decide that renting your home is the right way to go, remember that this is an investment that requires maintenance. You should expect regular repairs and be prepared for them. Keep a “Slush fund” for unexpected pipe breaks or clogged cash outflows. Memorize. You still own the property and if you are not a craftsman, put one. You`ll need it.

A rented property can be a wonderful investment if you do your “household chores” first. If you`re considering keeping your current home as a rental property when buying a new family home, there are a lot of facts to consider. A rented property can be a wonderful investment if you do your “household chores” first. If you are considering renting out your home when buying a new detached home, there are a lot of facts to consider. In addition to the information provided by Tenant Tracker, we will also ask you: Coldwell Banker uses Tenant Tracker, a national service that checks the criminal history of potential tenants, housing history and credit history. THE APPLICATION IS ONLY PROCESSED WHEN THE COMPLETED APPLICATION, THE APPLICATION FEE AND THE ACCOUNTING IN SEPARATE CERTIFIED FUNDS ARE MADE AVAILABLE TO THE APPLICANT IN THE RESEARCH MANAGEMENT OFFICE. If you have any questions, call us at 806-784-3271 or email us at leasing@cblubbock.com. If you prefer to print or download our Property Management Application Package, you can do so here: After authorization, I understand that it is my responsibility, at the time of signing the lease, to indicate: your failure to indicate accurate information in your application or to provide unverifiable information will be taken into account in the decision to rent the property to you. Income from the military, disability, social security, family allowances or other benefits must contain copies of premium letters provided on application, which indicate the amount and date of benefits.due: In addition to all of the above, you may need to resolve some emotional issues…