Earn From Your Property By Renting, Not By Selling
Most of the property owners wish to sell their properties outright if they are gettinggood prices for them, but for those who can afford to delay it a little longer, the benefits are enormous. According to a survey of mortgage experts, in this market, there are always more buyers than sellers. As a result, buyers generally pay much more than the common rate going on in market.
There is another way to make money from our property. Instead of selling properties, if we give it on rent, we can earn a lot without losing our property. For a tenant, it is very important to be aware of all the rules and regulations about renting property. This information is very helpful as many unscrupulous agents and renters are available. Property owners also have to conduct check on people who use their property. Vandalism is a type of misconduct that can really harm the owner of a property and can also result in much more. Checking the background of the renter will help property owner a lot. By getting their public records and other source of personal information, they will be able to know about his credit which helps in knowing whether he can pay the rent. A property owner should also search for renters financial status, bankruptcies, and other information such as criminal records, court records, and former addresses.
It is better for property owner to get insurance on the property when renting it out to tenants. Other requirements are Gas Certificate, Energy Performance Certificate etc. Now days Tenancy deposit scheme an essential and legal requirement.
by: Adaya FrancisAbout the Author:I am a freelance article writer and I mostly write about real estate, financial reporting, business strategies and trust outsourcing.