I want to lease out my condo. are there agencies that will do that?What is first step?

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sg	I want to lease out my condo. are there agencies that will do that?What is first step?

too4barbie

Most agents do it now which means even the ones who sell houses rent apts,basement apt etc..so I would say maybe look in the paper for real estate agents and call around compare prices etc... good luck bye 4 now and have a great x-mas.

John

Look up property management companies in the phone book. Talk to real estate companies many of them do it. Expect to pay them about 10% of the rent.

Mike D

Yes. What you are interested in is called a "Property Manager". These businesses are easy to find on the web. If you live close to the property you would like to rent I would reccomend driving through the neighborhood and see what companies are offering leases. Usually one company will be more prevalent than the rest, thus offering a lower handling fee.

lisa p

Check out Property Management for Dummies. I'm serious--- it's a great reference for a first-time situation like yours.

danielamaria313@sbcglobal.net

This might have to be approved by the condo association. You should first check with your rules and regulations. You could be held responsible for any actions the renter makes while residing at your home.

Besure to check with the agency on their qualifing practices. How thorough they are in back ground checks and credit checks.

I would say to go back 2 years on prior rental history through landlord verifications as well as employment history that can be verified.

any Realtor will

wookie

find a good property managment company they will take a percentage of the rent but its worth it

The Soundbroker

You probably need to check with your association. Many have specific limits on rental units as a percentage of occupants. If you have a mortgage, you may also have to check with the bank. Many banks write loans based on owner occupancy for a certain amount of years. If you lease it out before that term is up and they find out, they may call the loan and you may have to get a different loan based on the condo being an investment property (which has a very different set of requirements).

You may want to hire a property management company who can handle the tenant screening, advertisement, rental collection and maintainance. If not, get some books on landlord/tenant relationships and READ them.

bobster

call a real estate agent, they have all the paperwork and procedures.

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