New agent listing a rental for the first time in NE Ohio...help

[Nick Bregar]

Hello All, I am a new real estate agent and am taking a rental listing tomorrow for a family member. I'm going to be very honest, I do not have a great grasp on all of my responsibilities. Other than listing it on the MLS and popular websites, what else am I supposed to be doing? Am I supposed to run background checks, credit reports....etc?

I don't mind do any and all of the work, I just want to know what is expected of me as a real estate agent listing a rental.

Thank you for any direction you can provide.

Nick

[Jake Thomas]

@Nick Bregar if you're listing a current rental property that has tenants in it for sale its not much different than a normal house. 

No need to run background checks, this isn't your responsibility. List this as you would any other home but make sure you get the tenants contact information and make them aware people will be coming to see the house and walking through it but you will give them ample notice (legally where I am it has to be 24 hours notice). So many times I have shown rental properties and the tenants have no idea I was coming and I wasted a trip out there. Also, it is a good idea to have the rent numbers and potentially the expenses from the seller as these are things buyers ask for. 

Good luck, I promise you will make mistakes but you learn from them. I have sold several houses and I still make mistakes. 

Good luck