Answers (7)
- mdrp
- Contributions:11
I just need help finding (and keeping) a renter.
Thanks for all of your suggestions! I also have a friend who had a realtor watch her place while she was overseas...so I may start there, and if that doesn't work, I will start contacting you all. Thanks again!
- Maria Avellaneda, "MAvellaneda"
- Contributions:510
- Maria Avellaneda, "MAvellaneda"
- Contributions:510
- Robert McArtor, "Robert McArtor"
- Contributions:42
- Shea Reeves, "The Dfw Source"
- Contributions:157
It boils down to what you want. Your going to be 1500+ miles away from your condo, even the most basic tenant requests may be difficult to manage. Find a solid broker that has an in-house property management department and they will as Matt stated charge a nominal fee for the listing, down here we usually see .40-50% of the first months rent. Should you decide to hire your broker to manage the property, fees vary but our office only charges 10% of the monthly lease amount. So 40-50% to list, 10% of the monthly rent thereafter is a great deal. Marketing will be handled by your broker... consumers shop for everything online so who you choose to handle/market/advertise the sale for you (should you list) is of extreme importance because every brokers services vary by leaps and bounds. Another benefit if hiring a management company is renewing your lease, getting your property ready should a tenant give notice and getting another qualified prospect in the condo. Background checks, work history, rental history etc...If your a do it yourselfer good luck some people have managed their own properties with minimal issues. [Self promotion deleted by Zillow moderator. Please see our Good Neighbor Policy for more information.]
- Matthew T. Smoot, "Matthew Smoot"
- Contributions:79
- wetdawgs
- Contributions:39533
However, managing a rental from >1000 miles away is tough. If you don't have a local contact who you can depend on who will deal with 2 am emergencies, I'd recommend a management agency.
Moving to Texas from Maryland &need to rent my condo. Besides craigslist I dont know where to begin!
1bd/1bth
I know I have 2 options:
1) Find a renter myself, (I'm near the Univ of MD) but take the gamble on all the details. (Cheap, yet risky)
2) Hire a management company to do the app/listing/background check/rent collection for me, but pay a huge fee. (EXPENSIVE, but safer.)
I need some guidance.
MP
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