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Updated over 9 years ago,
Guideline for renting out condo apartment in Seattle, WA
Hello Friends,
I had bought my condo in Belltown-Seattle, about two years ago, but now I have to move to a different state due to job.
The condo is new (2008 built) and is close to zero maintenance, bar things such as batteries in smoke detector and light-bulbs. The outside maintenance is covered by condo-association. Considering, what I think is, the good location, getting it rented should not be issue.
Can you guys advise me on:
1. Correct rental price discovery : Can I rely on Zillow estimates alone ? How do I factor in unique things about my apartment, such as courtyard view, insulated from three sides (no noise), above the (seldom used) gym.
2. Lease agreement : Is there actual standard one year lease agreement for Washington state ? Is there usual/default lease agreement I should read about ?
What I am using :
http://rentalleaseagreement.org/wa/washington-stan...
3. Filtering/choosing of the lessee : What criteria I should use to filter/choose lessee.
What I am using : Credit score of above 700, no collection account.
4. Broker vs self : Are there any advantages of using broker ? (Currently I have posted on Craiglist/Zillow and I am getting couple of calls.)
5. Any other thing I should be aware of ?
Also I am curious, if I should rent out place fully furnished at higher rent vs unfurnished.
I also wonder about experimenting leasing individual bedrooms instead of who apartment.
Please advise, and thank you in advance. :)
-Ajeet