Want to turn your home into a rental property?
✅ Use the following tips to do just that!
Get the right insurance
As soon as a tenant moves into your rental property, you assume certain risks and liabilities not covered by a typical homeowner’s insurance policy.
Get the right permits
You must acquire the right permits that prove the property meets these regulations.
Make repairs and upgrades
As with selling your house, the better it looks and functions, the more likely someone will want to rent it.
Set a competitive rental rate
You have to charge a monthly rental rate that covers the cost of your mortgage, property taxes and any other costs associated with the home.
Decide if being a landlord is right for you
You can hire a property management company to take over the landlord duties.
Find a good tenant
Take some time to educate yourself on fair housing laws.
Emma Co Personal Real Estate Corp | Macdonald Realty
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