Deciding to turn your property into a rental home is a huge decision that will allow you to benefit from another source of income. That being said, if this is your first time being a landlord, then there’s a huge learning curve ahead of you. By hiring a real estate agent to market, show and select a trustworthy tenant, you can fully focus on maintaining your property while picking up a few tricks from the pros.
While you might not initially think to use a real estate agent when renting out to tenants, hiring one can give you a significant advantage in the rental field. Some of these benefits include:
Rent to Quality Tenants
Showing agents have years of experience matching tenants to rental properties, so it’s no surprise that they have the listing tools to match. Rather than attracting applicants online through Craigslist, real estate agents are able to post on reputable sites. Many sites like Zillow and Realtor.com allow real estate agents to pay smaller fees (based on their listing frequency rate), whereas independent landlords pay higher fees to post a single rental listing. This allows your property visible access to higher quality listing sites, and therefore a higher rate of quality applicants. Some real estate agents are even able to find applicants through their reputation alone!
Hassle-Free Way to Obtain Renters
As I stated above, with someone already marketing your property, showing the rental and sifting through applicants, you’ll be able to focus solely on maintaining your property. If you have a lot on your plate from the get-go, this can be a great relief. Additionally, you can breathe easy knowing that the entire leasing process is being handled legally. Every landlord wants renters that are dependable and respectful, but working with a real estate agent can help quantify those needs into objective rental criteria.
Professional Experience & Approach
No matter what, hiring someone with professional experience can help you in the long run. Whether or not you continue to use a real estate agent after the first time, they can help you lay the ground work for how you accept new tenants later on. Additionally, by hiring a real estate agent, you can expect your allotted deadlines to be completed on time. As filling your vacancy is a priority not only for you, but for real estate agents as well, the time your rental is unoccupied is kept to a minimum.
While it can be difficult to leave the tenant selection process for your property up to a real estate agent, you’ll ultimately benefit from the professional tools and experience they have. You want the best renters you can get, and using a real estate agent for your rental can increase the quality of your applicants. You just have to find the right real estate agent for you.
Are you a new landlord? Are you still considering using a real estate agent for you rental? Leave us a comment & be sure to subscribe!