Preparing Your Home for Rent ~ Fridays with Fred

There’s no denying that the 2013 Orange County Real Estate market has been excellent for buyers, sellers and house flippers but it’s also been great for landlords because, there are more renters in Orange County than ever before and great homes, apartments or condos for rent are hard to find.

What to Do Before Renting

The first step that a homeowner should take before renting out their home is to get the home thoroughly cleaned from top to bottom. After cleaning their home, hire a qualified property management company because a property manager will save the owner time, money and the hassle of having to interact with tenants, collect rent and do all of the dull, day-to-day tasks that come with renting a home.

What Property Management Companies Do

A qualified property management company will do the following for their clients:

• Calculate what is the homes current market value rent

• Get the home listed

• Choose the right tenants

• Verify the tenants income/credit and job history

• Collect tenants move in funds

• Collect monthly rent

Where to Find Qualified Property Management Companies

The best place to find a qualified property management company is online, or through a referral. Thanks to rating sites like Yelp it’s possible to find a great property management company in minutes and know if they are a reliable company or not before the home owner decides to call them.

Most property management companies charge around 10% of the home or property’s monthly rent so every homeowner or landlord must make sure that they are willing to give up that portion of their profit each month for the convenience of having a property management company manage their home, condo or apartment for rent for them.

To learn more about the importance of property management companies, or to view the latest Orange County Homes for sale, contact Fred Sed & Associates today by calling us at (949) 272-0125.