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Renting Essentials

While renting a Bellevue home is an option that's discouraged when compared to selling, during unpredictable real estate market times it becomes a near necessity towards the household, especially when a home that's not attracting buyers is causing a negative impact on finances or long term goals.  While it may seem as though renting is a no brainer, there's a few things homeowners should heed to make the process go smoothly.

Appearance is just as important.  Just because someone will only be calling the property their home for a certain amount of time doesn't mean they won't care as much about how it looks.  A fresh paint job, spotless floors and a yard that looks like it's being maintained can not only make a great first impression, it can discourage seedy renters that are ultimately not worth your time.

Aim for just the right price.  If your home is located in a popular Bellevue neighborhood and has several rooms or a pool, you can take further risks in terms of requesting a higher rent so take some time to research what similar properties nearby are asking, you may be surprised at what people are willing to pay.

Use all the promotional resources available to you.  Since rentals cater to a large demographic you want to make as many people aware as possible.  Use the Web, the classifieds and whatever other appropriate and reputable resources are available, including tried and true word of mouth.

Get to know your occupant.  The last thing you want is someone who is chronically late on payments or doesn't quite live up to the standards of cleanliness you feel are necessary.  Check references and sit down with the person to get a feel for who they are and whether they will make a good fit.

Bellevue rentals are not the wisest of investments when compared to buying but if you happen to have a spare guesthouse or need another source of income, they can not only help pay the bills but also work as a regular savings plan.

By Diane Tuman

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