Checklist for Renting a Home from National Realty Investment Advisors, LLC
Aug 23, 2014
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:
Short Listing Tenants
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.
Identity Check
• 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.
Thorough Paperwork
• Get everything in writing with a written lease, terms and
conditions required. Have legal counsel obtain a good
standard lease document to protect you.
• Hand over the apartment keys only after all the certified
check deposits have cleared, and the legal papers and
contracts have been signed.
Security Deposit
• 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
charged for.
Regular Repairs
• 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.
• 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.
Insure Your Property
• 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.
Add Important Clauses
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.
Prepare for Additional Work
• Maintaining a rental property will add additional chores in
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
own, make sure you have the time.
Planning to buy another home to rent out?
• 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.
• 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.
Hassle-free Property Investment
• 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.
• 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.
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.
Call National Realty at 201.210.2727 to speak with real estate
investment manager.
Contact NRIAWebsite: http://nria.net/Twitter: https://twitter.com/NationalRealty_Facebook: https://www.facebook.com/pages/National-Realty-Investment-Advisors-LLC/439519179451414