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Updated almost 4 years ago, 12/22/2020

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32
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12
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Getting your property rented

Christopher Bell
Posted

I’m renting out my first property which is remote. Is anyone familiar with a service of how to get someone to rent out your property that is cheaper than 1 month rent?

User Stats

1,557
Posts
1,142
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Jacob Sampson
  • Investor
  • Topeka, KS
1,142
Votes |
1,557
Posts
Jacob Sampson
  • Investor
  • Topeka, KS
Replied

You would need to have a local contact.  A friend, family member, or a trusted contractor to show the place.  ultimately you need a way to collect app fees, deposit, and rent.  Paypal or Venmo are great for that.  Zillow may offer the ability to do digital apps and leases.  I use Rentecdirect.com.  They allow for digital apps and leases also.  They also allow you to collect money.  The only difficulty is getting those items set up and the physical showing of the property.

Full disclosure I don't have any remote rentals.  All of mine are local.  But I don't do any of the showings I use a local contact.

User Stats

27,260
Posts
40,091
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Nathan Gesner
Property Manager
Agent
Pro Member
  • Real Estate Broker
  • Cody, WY
40,091
Votes |
27,260
Posts
Nathan Gesner
Property Manager
Agent
Pro Member
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

There are property managers that don't charge a month of rent for every new lease. Shop around and see what you can find. you definitely need boots on the ground to show the property, keep an eye on it while vacant, get renters moved in, etc.

  • Nathan Gesner
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The DIY Landlord
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868
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800
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Tracy Streich
Property Manager
Pro Member
  • Real Estate Broker
  • Tulsa- OKC Oklahoma
800
Votes |
868
Posts
Tracy Streich
Property Manager
Pro Member
  • Real Estate Broker
  • Tulsa- OKC Oklahoma
Replied

@Christopher Bell. If you buy In area you cannot service yourself you should just plan on paying the fee. Tenant placement is the most crucial part of the landlording. Process. shortcuts here lead to long term headaches

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Renters Place
4.5 stars
539 Reviews

User Stats

1,557
Posts
1,142
Votes
Jacob Sampson
  • Investor
  • Topeka, KS
1,142
Votes |
1,557
Posts
Jacob Sampson
  • Investor
  • Topeka, KS
Replied

I agree with @Tracy Streich.  Also, I know you didn't ask, but this conversation reminded me of something.  Check with your insurance to see if you have vandalism coverage.  Not saying you should get it but I have it and found out that the coverage only covers for the first 30 days of vacancy.  If it is vacant for more than thirty days it isn't covered.