How to Rent a House - Renting Out Your House

Housing is basic for human survival. But sometimes, it doesn't come cheap. It's easier just to pay rent every month rather to buy a house, considering the present condition of the economy. Thus, rent housing is thriving in the market, but you should learn how to rent a house, or should come to terms with renting a house.

It is essential that you know how to rent a house whether you are the landlord or the tenant who will rent. To know the processes and guidelines before you rent and open that front door is important to anyone. Before we proceed to the specific rent guidelines for landlords and tenants, here are some thoughts on how to rent a house.

Location

There are many reasons why houses and rooms are for rent in certain places. The questions to ask if you don't know how to rent a house are, "Is the location practical for rent? How sure am I that it is?" How you ask a question is really important especially if you don't know how things work.

In large cities, many know how apartments are typically for rent because of how the areas are congested. In wider areas, like the suburban, houses are for rent to accommodate starting and growing families who know how to rent a house.

In some places, if you are seeking to rent a house, it is worth considering proximity to large-scale institutions like a church, a university, an office building, or industrial factory.

In real estate, it is no accident to them that the mantra is "location, location, location." How that came to be is unknown, but it is clearly a no-brainer. After all, whether you are renting a house *out* or renting your house *from* someone, location is everything.

Laws

Before you venture into the process of how to rent a house, both landlord and tenant should know the laws of renting a house in their city or town, the rights and duties of both parties who lease and rent.

There are national laws for renting, but each city or town may have their own version of special conditions on how to rent a house, like whether a tenant can buy the house or houses after ten years of tenure, or a tenant can request for a low price rent like in public housing.

Becoming a Landlord

Here are tips on how to rent a house if you're a property owner. A house or property rental owner becomes a landlord when you decide to move out of the house and have someone else reside in it and pay rent. You accept a pay but does not want to give up the house by selling it. The primary reason for just wanting to rent it and not letting go is the apparent value you see in the house whether economic or sentimental.

1. To Rent or To Sell

Is the house worth keeping or selling? That is the first thing you need to consider on how to rent a house. You should also need to contemplate, "how does economic opportunities affect things like rent?" Most of all, you need to ponder really hard if you need to rent or let go a property that holds a lot of memories.

2. Condition of the House

List down the condition of the house if you want to master the art of how to rent a house or house property rental. Do a thorough examination from basement to attic. Ask a building inspector to do the more difficult investigation. Relying on experts on how to fix a house is important for rent prospective.

Do the utilities like electrical wirings, water and gas piping outdated and dangerous? How about the ceiling, the wallpaper, and wooden flooring? Are they still in prime condition? How do you know for sure? These are very essential for people who will rent the place in the future.

3. Repairs and Renovation

After the thorough review on how to rent a house, do major repairs. You should know how to change the bathtub or light fixtures. Do a renovation if necessary. You know how costly it may be, but it will increase the value of the house. Eventually, you may ask reasonable fee for the rent.

4. Real Estate and Advertising

Go to a reliable real estate agent. Ask him or her for the possible value you could have on the house for rent. Or you can advertise in newspaper or online for a direct transaction with the potential tenants who'll rent and have already rented.

5. Characteristics of the House

Was the house built in 1890s? Did a well-known artist carve the intricate Iron Gate and window grills? Say things that may attract your desirable tenant who'll pay the rent. Be honest and do not oversell. How you sell your house will affect things and how they'll pay rent.

6. Screening Your Tenant

If you do not have a real estate agent, do the presentation yourself. If you know how rent-related things go, show the house to the potential tenant, make a tour, tell little stories about the rooms, tell the pros and cons in living (and renting!) in that house. Do an interview. Set the Dos and Don'ts of proper rent.

7. Handing the Key

You'll understand this if you know how to rent a house. To become a landlord is to let someone in your house and hand your key to a stranger. The important thing that the landlord needs to do is to be comfortable with people who is renting and walking in his/her house. The landlord has little say in what the tenant is going to do in his house, unless it is illegal.

Sign a lease/contract between you and your tenant. In short, you need to come up with rental agreements.

8. Maintenance

Now that, the house is rented, the main duty of the landlord is to maintain the good condition of the house for rent. The landlord should always be available to contact in case of rent-related emergency.

9. Termination

Tell your rental tenant if you want to change your contract and lease before it is rented. Be polite in reminding your tenant their rent dues and presenting an eviction notice to make them feel secure that you won't kick them out in whims.

Becoming a Tenant

Renting a house is a cheaper option compared to buying one. Like the landlord, many aspects factor in a tenant's rental decision. But as a tenant, your rent-related decisions should be more precise and thorough because you are the one who will live in the house.

1. Short Term vs. Long Term

The first thing that a tenant needs to decide is if he wants to rent a house for a short time or a long time. Long-term lease usually spans for two rents to fifteen-year rents. This kind of rent is practical for growing families. As a norm, children should grow up in a constant environment to establish their characteristics, their sense of place, and to mingle with people around them.

2. Requirements

Looking for a house that is available to rent is similar to job hunting. Secure a number of photocopies of important documents like ID cards and proofs of income. Provide a short resume for the landlord to see. Put in your job history and a list of places, where you lived previously. To many, it is necessary to provide a short letter expressing why you prefer renting.

4. Choosing a house

If you found more than one house, weigh in your reasons for choosing one over the others. Do you need a pool? Is one bathroom enough? Is the place near a busy and noisy street? How about the ventilation and the natural lighting?

Don't hesitate to ask a real estate agent to help you choose what you want and what you need on the house you will rent. Disclose to your agent the living rent conditions you desire.

5. Checking a Place

Check everything about the house: its history, the pros and cons, ask about the community, the neighbors, the nearest grocery, the hospital, police and fire stations, etc.

Be polite when you want to turn down a place that isn't suitable for you to be housed in.

6. Signing a contract

You should demand a tenant's policy to protect your possessions in case of a sudden request for evacuation. Know your rights as a tenant and ask for major changes in your arrangements if you need to. Have a lawyer check the document before signing a housed contract.

7. Maintenance

Your duty as a tenant is to pay your due to the landlord on time. As your dwelling place, the house should be kept from waste and harm. You should also maintain the condition of the house like when you first arrived.

Of course, you should provide for your own needs and utilities. Given that it is not forbidden in the contract, you could modify the appearance of the house, like changing the wallpaper and fixtures. You may bring in furniture and appliances to make your house feel more like a home.

8. Termination

You should inform the landlord in advance if ever you decide to terminate the contract. Before moving, leave the place the way it looked on the first day you settled in to avoid conflict.

Above all, as every landlord and tenants desire, have a happy home through the help of this property rental guides.