This biweekly sponsored column is written by the experts at Gordon James Realty, a local property management firm that specializes in residential real estate, commercial real estate and home owner associations. Please submit any questions in the comments section or via email.
If you are moving and considering renting out your home rather than selling, there are a multitude of details to consider before renting out your home, such as should you hire a property manager or rent it out yourself? Regardless of your decision, here is a checklist to get your house ready to rent.
Start the process at least six weeks out.
Start even sooner if you’ll need to have some work done to make the rent ready. You’ll want the home to be at its best before you start showing it to tenants, and many tenants start looking for a home four to six weeks prior to their move date.
Spruce it up.
Spend some time and money to give your property a coat of fresh paint, plant some flowers, de-clutter and clean thoroughly. Quality tenants want a clean home that makes a great first impression. This guide offers more tips you get your property ready to rent.
Change your insurance.
Your homeowner’s policy isn’t enough to cover you when you become a landlord. Before you sign a lease, be sure to consult with your insurance agent and get a landlord’s policy, also known as a dwelling policy. Find out more about landlord’s policies.
Research the laws in your area and obtain any required licenses and inspections. In most jurisdictions, being a landlord is considered a business that requires a license, even for a single property or basement unit. Some cities (like Washington, D.C.) require inspections and a certificate of occupancy before you can legally rent out your home. Learn the requirements for becoming a landlord in Northern Virginia.
Decide if you’ll accept pets.
You’ll have a larger pool of tenants if you’ll consider furry companions, but make sure you have strong tenant and pet policies in place to prevent costly damage, noise and other pet-related problems. Determine whether to charge pet rent or pet fees. You’ll find information to help you decide and develop good pet policies in this article.
Figure out how much rent to charge.
Research the market for homes or units similar to yours in size, location, amenities and condition. See how much those comparable homes are charging and whether they rent quickly.
Create a marketing plan.
Think about your likely renters and decide where to post your listing to attract the largest pool of qualified tenants. Write an ad highlighting your property’s best or most in-demand features and take high quality pictures that show it in the best light. Learn more about how to market your rental property.
Develop a comprehensive tenant screening process.
Thorough screening is the key to making sure you get a great, qualified tenant instead of a nightmare. Screening should include pulling a credit report, criminal history, and eviction history as well as verifying employment and checking references. In addition, having a systematic process that you use for every applicant will help you avoid potential discrimination charges.
Have an iron-clad lease.
A lease outlines rights, rules and responsibilities for you and your tenant. In case of a disagreement or problem, a well-written lease will help protect you. To make sure you are adequately protected and that your lease follows all applicable laws, you may wish to consult an attorney. Get more information on leases and rental agreements.
Consider hiring a property management company.
A management company can help with or take care of all of the tasks above. And they’ll be there to handle anything that comes up after the tenants move in, too. Moving is stressful enough without worrying about starting a new business as a landlord at the same time. The value of professional property management is even greater if you’re going to live far from your rental property. Download our free guide to Working with A Property Management Company.
Good Thursday evening, Arlington. Let’s take a look back at today’s stories and a look forward to tomorrow’s event calendar. 🕗 News recap The following articles were published earlier today…
After a relatively mild winter, cherry blossoms are expected to hit peak bloom in mid-to-late March. Today the National Park Service predicted 70% of the blossoms along the Tidal Basin…
Arlington’s Community Energy Plan Roadmap Progress It can be a challenge to know and understand a community’s far-ranging, multi-disciplinary and cross-sector progress in reducing greenhouse gas emissions and changing a…
The D.C. area has surpassed the Bay Area in AI-related job postings, according to a recent report. These new jobs are a clear sign of how the emerging technology is…
Dreaming of small-town charm with big-city convenience? Look no further than 7156 Main St in Clifton, Virginia! Nestled just 30 miles from the heart of Washington D.C., this picturesque property offers the best of both worlds.
Escape the hustle and bustle of the city to find tranquility in this quaint, historic town. With its tree-lined streets and friendly community atmosphere, Clifton is the perfect place to call home. Yet, with its close proximity to the nation’s capital, you’ll never be far from the excitement and opportunities of urban living.
Imagine weekends exploring local shops, dining at charming cafes, and enjoying outdoor adventures in nearby parks. Then, commute to D.C. for work or play, soaking in all the culture, entertainment, and career opportunities the city has to offer.
Don’t miss your chance to own a piece of this idyllic lifestyle. Schedule a tour of 7156 Main St today and experience the best of small-town living near a big city!
Spring will be here before you know it, and art classes are a terrific way to welcome the season. We have some fresh new classes such as hand-building vases and flower arranging. Also on our roster are crocheting, knitting, printmaking, stitching, and sewing. Of course, you can’t go wrong with the basics: watercolor painting, gouache, oil painting, ceramics (including the wheel), sculpture, collage, drawing, and more. Classes start the week of April 1 and range from 3 to 7 weeks.
If you haven’t discovered Art House 7, this is a great time to check us out! We offer classes, workshops, open studios, and Art Nights throughout the year, as well as summer camps. We recently expanded our studio, and you can buy art supplies next door. We’re near the Lee Harrison shopping center, and free parking is outside our door. Ages 2 to adult.
5537 Langston Blvd., Arlington VA 22207
Having worked with the likes of Gary Numan, DJ Neidermeyer lends authenticity a go-go. Enough to satisfy even the purists.
The Renegade boasts all of the virtues of Arlington’s premier music venues while providing bar bites that rival most restaurants