Managing the rental of a property is a job that is not as easy as many think in advance. From the writing of the announcement, the visits, the financial management until being informed to avoid unpleasant surprises. Here are some tips on how to best manage your rental property.
Optimize the visibility of your property ad
The first is to write and publish an ad to find a tenant as quickly as possible. To increase the chances of having visitors, it is essential to write an effective ad and then publish it on the appropriate platforms. In general, your property will end up in the middle of many other ads. To highlight, you have to draw attention from the first lines. Place the main elements first: the number of rooms, the surface, the location, and the rental price. Then, specify if the housing includes a parking lot, provide details about the neighborhood, the surrounding transportation, or the presence of schools. You can take help of real estate agents in India.
Organize visits and the arrival of the tenant on the rental property
After publishing your ad on different specialized platforms, you should organize visits to your property. If your accommodation is empty, you can visit it whenever you want. If your house is occupied, you must agree a day and a time to make the visit with your tenant. You cannot enter the department unless the tenant has agreed explicitly.
Once this is resolved, you can arrange group or individual visits. This will depend in particular on the number of people wishing to visit the accommodation, but also on their availability (and that of their current tenant).
Choose the tenant and access a rental payment guarantee
Once the visits have been made, you must choose the tenant who appears to be the most serious and the one most likely to live on your property. To know the solvency of a tenant we can request your payroll and employment contract, in order to check your ability to pay and job stability. In addition, there are different registers of defaulters that you can consult and thus be prepared to request other types of guarantees or even reject the tenant.
Make repairs during the rental
Proper management of your property also means keeping it in good condition throughout the rental and thus ensuring its long-term preservation. If it is necessary to do a job during the lease, do not wait. Both for the comfort of your tenant, but also to avoid blocking the payment of rentals. Remember that the longer you wait to make repairs, the more expensive they will be.
If necessary, terminate the lease
According to the Law of Urban Leases, the owner can recover his home whenever it is to use it as a habitual residence for him or for a first-degree relative, as well as for his spouse in case of divorce or annulment. Even so, a minimum of one year must have elapsed since the signing of the contract and it must be communicated to the tenant at least 2 months in advance.
Managing your property is the most economical solution and real estate agents in Noida offers you all the necessary tools to help you simplify and optimize your rental management. Monitoring of rent and payments, rent receipt, reservations, tracking of expenses, reminders, assistance with the declaration of income of the property, unpaid rent insurance.