Rent out your investment home the smarter way. National
Realty Investment Advisors, LLC provides these tips to help you
...
SShhoorrtt LLiissttiinngg TTeennaannttss
Make sure you rent the property to tenants with proven stable
employment and a ...
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• Pay for a background check and eviction history.
• Make sure the ID is real and matches up...
TThhoorroouugghh PPaappeerrwwoorrkk
• Get everything in writing with a written lease, terms and
• Get everything in writ...
SSeeccuurriittyy DDeeppoossiitt
• Don’t rent a property without collecting a minimum one
• Don’t rent a property without...
RReegguullaarr RReeppaaiirrss
• Keep your property in the best shape by undertaking
routine maintenance checks and repai...
• Make sure tenants sign in writing for a “100% working and
all systems operable” home when they move in and agree
to re...
IInnssuurree YYoouurr PPrrooppeerrttyy
• Insure your property to deal with any structural, accidental,
fire or theft dam...
AAdddd IImmppoorrttaanntt CCllaauusseess
All perils of fire, theft, damage should be included with loss of
rent coverage...
PPrreeppaarree ffoorr AAddddiittiioonnaall WWoorrkk
• Maintaining a rental property will add additional chores in
• Main...
Planning to buy another home
to rent out?
• If you are thinking of another real estate investment, then,
• If you are t...
• National Realty Investment Advisors, LLC is changing the way
• National Realty Investment Advisors, LLC is changing the...
HHaassssllee--ffrreeee PPrrooppeerrttyy IInnvveessttmmeenntt
• National Realty Investment Advisors, LLC has simplified re...
• The firm has made real estate investment super easy with its
proven property investment plan that takes the headache ou...
Consult with National Realty Investment
Advisors, LLC
Since 2006, the professional team of NRIA has specialized in:
•Pr...
Call National Realty at 201.210.2727 to speak with real estate
investment manager.
Call National Realty at 201.210.2727 ...
National Realty Investment Advisors, LLC Shares Things to Consider Before Renting Property
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National Realty Investment Advisors, LLC Shares Things to Consider Before Renting Property

Renting your investment home the right way is critical to maximize real estate returns. National Realty Investment Advisors, LLC brings the property rental checklist to help you earn more in the long term and keep your property in best shape. Go through the Slideshare for best property rental tips.
Published on: Mar 3, 2016
Source: www.slideshare.net


Transcripts - National Realty Investment Advisors, LLC Shares Things to Consider Before Renting Property

  • 1. Rent out your investment home the smarter way. National Realty Investment Advisors, LLC provides these tips to help you safely rent your house. Get maximum rental profits from your new income property by following this checklist:
  • 2. SShhoorrtt LLiissttiinngg TTeennaannttss Make sure you rent the property to tenants with proven stable employment and a good credit history. Verify employment and pay stubs, get a “tri merge credit report” authorized by the tenant and run full credit bureau reports. Make sure you rent the property to tenants with proven stable employment and a good credit history. Verify employment and pay stubs, get a “tri merge credit report” authorized by the tenant and run full credit bureau reports.
  • 3. IIddeennttiittyy CChheecckk • Pay for a background check and eviction history. • Make sure the ID is real and matches up. • Run a thorough identity check during tenant screening. • Pay for a background check and eviction history. • Make sure the ID is real and matches up. • Run a thorough identity check during tenant screening.
  • 4. TThhoorroouugghh PPaappeerrwwoorrkk • Get everything in writing with a written lease, terms and • Get everything in writing with a written lease, terms and conditions required. Have legal counsel obtain a good standard lease document to protect you. conditions required. Have legal counsel obtain a good standard lease document to protect you. • Hand over the apartment keys only after all the certified • Hand over the apartment keys only after all the certified check deposits have cleared, and the legal papers and contracts have been signed. check deposits have cleared, and the legal papers and contracts have been signed.
  • 5. SSeeccuurriittyy DDeeppoossiitt • Don’t rent a property without collecting a minimum one • Don’t rent a property without collecting a minimum one month security deposit – regardless of credit quality. You need that for damage repair or back rent regardless. • Make sure the lease defines all items security can be month security deposit – regardless of credit quality. You need that for damage repair or back rent regardless. • Make sure the lease defines all items security can be charged for. charged for.
  • 6. RReegguullaarr RReeppaaiirrss • Keep your property in the best shape by undertaking routine maintenance checks and repairs. • Proper maintenance and upkeep will get you better rents and keep you in a stronger position. • Keep your property in the best shape by undertaking routine maintenance checks and repairs. • Proper maintenance and upkeep will get you better rents and keep you in a stronger position.
  • 7. • Make sure tenants sign in writing for a “100% working and all systems operable” home when they move in and agree to repair and maintain the systems and home in good working order other than normal wear and tear. • Make sure tenants sign in writing for a “100% working and all systems operable” home when they move in and agree to repair and maintain the systems and home in good working order other than normal wear and tear.
  • 8. IInnssuurree YYoouurr PPrrooppeerrttyy • Insure your property to deal with any structural, accidental, fire or theft damages. • Insurance will protect you from lawsuits so include Loss of Rent coverage for any period the home is ever damaged and liability coverage. • Insure your property to deal with any structural, accidental, fire or theft damages. • Insurance will protect you from lawsuits so include Loss of Rent coverage for any period the home is ever damaged and liability coverage.
  • 9. AAdddd IImmppoorrttaanntt CCllaauusseess All perils of fire, theft, damage should be included with loss of rent coverage. Include at least a $500,000 liability coverage per home. Check your primary carrier for additional umbrella coverage. All perils of fire, theft, damage should be included with loss of rent coverage. Include at least a $500,000 liability coverage per home. Check your primary carrier for additional umbrella coverage.
  • 10. PPrreeppaarree ffoorr AAddddiittiioonnaall WWoorrkk • Maintaining a rental property will add additional chores in • Maintaining a rental property will add additional chores in your to-do list such as rent collection calls, repairs, and tenant assistance. your to-do list such as rent collection calls, repairs, and tenant assistance. • So, if you are going to manage your rental property on your • So, if you are going to manage your rental property on your own, make sure you have the time. own, make sure you have the time.
  • 11. Planning to buy another home to rent out? • If you are thinking of another real estate investment, then, • If you are thinking of another real estate investment, then, you should know about the best proven property opportunities and investment trends in the market. you should know about the best proven property opportunities and investment trends in the market.
  • 12. • National Realty Investment Advisors, LLC is changing the way • National Realty Investment Advisors, LLC is changing the way high net worth individuals invest in real estate with its absentee owner safe high return property selection and management system. high net worth individuals invest in real estate with its absentee owner safe high return property selection and management system.
  • 13. HHaassssllee--ffrreeee PPrrooppeerrttyy IInnvveessttmmeenntt • National Realty Investment Advisors, LLC has simplified real estate investment by eliminating the need to “go it alone” and search for property opportunities, develop them, close on them and then tenant, maintain , and project supervise them by yourself. • National Realty Investment Advisors, LLC has simplified real estate investment by eliminating the need to “go it alone” and search for property opportunities, develop them, close on them and then tenant, maintain , and project supervise them by yourself.
  • 14. • The firm has made real estate investment super easy with its proven property investment plan that takes the headache out of real estate investment properties and managing tenants. • The firm has made real estate investment super easy with its proven property investment plan that takes the headache out of real estate investment properties and managing tenants.
  • 15. Consult with National Realty Investment Advisors, LLC Since 2006, the professional team of NRIA has specialized in: •Pre-rented investment homes in prime locations. •Secure and long term investment returns with over $100,000 of built in equity per property guaranteed. •Superb Client support and financial management. Since 2006, the professional team of NRIA has specialized in: •Pre-rented investment homes in prime locations. •Secure and long term investment returns with over $100,000 of built in equity per property guaranteed. •Superb Client support and financial management.
  • 16. Call National Realty at 201.210.2727 to speak with real estate investment manager. Call National Realty at 201.210.2727 to speak with real estate investment manager. Contact NRIA Contact NRIA Website: http://nria.net/ Twitter: https://twitter.com/NationalRealty_ Facebook: https://www.facebook.com/pages/National-Realty- Investment-Advisors-LLC/439519179451414 Website: http://nria.net/ Twitter: https://twitter.com/NationalRealty_ Facebook: https://www.facebook.com/pages/National-Realty- Investment-Advisors-LLC/439519179451414

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