The Decision to Rent Out Your Home

So you've decided to rent out your home. But where to begin? Everyone knows having tenants can be risky, so how do you go about ensuring you will get reliable tenants?

The best chance of finding responsible tenants is by word of mouth. Once you start looking around, let your friends know. You may end up with a friend of a friend who is someone you can trust. As this isn't always the case, and you might have to deal with strangers, conduct thorough interviews. Have the potential renter bring references from any other apartment they were in, and ask them to sign for a credit check. It is important to know some history about your potential tenant ahead of time to avoid some serious problems later on during the tenancy agreement. Don't rent out your home to just anyone! Check them out thoroughly.

During the interview process, be sure to include specific questions. If you allow pets, make sure you know prior to the tenant moving in what pet they have, how many, etc. If you have a "no pet" rule, be very up front about this as well. Same goes for smoking. You'll have happier tenants if they know what your expectations are on them, and you'll be assured that they will comply.

Testimonials

  On behalf of Jennifer and I, we would like to thank you for all of the hard work you put into finding us our first home together. It is very reassuring to find someone who really takes the time to make sure that every little thing is done right. Jennifer and I spent months looking for a place to live. We both had very specific requests which didn't always make it easy for you.

By taking the time to ask us the right questions you were able to find our dream house. I must say that you went above and beyond taking a large amount of your time showing us different properties. As I'm sure that you would agree, I am very particular and I like to see every house that is out there before I make a decision. I have worked with REALTORS in the past that were only concerned about "closing the deal" and earning their commission. I never got that feeling from you. I always believed that you had our best interests at heart. I would not hesitate to call you in the future if we are looking for a larger property or investment property. Your knowledge of the Hamilton-Burlington market is quite extensive.

Jen and I are extremely happy and would recommend your services to anyone interested in purchasing a home or investment property.

Adam Berti, Hamilton, ON

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