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Get a FREE assessment of your rental property. Start here!

Get a FREE assessment of your rental property. Start here!

4 Things to consider before becoming a landlord!

  1. How can I ensure that I get the right tenant? – This is so important. Rigorous screening is necessary. Calling the reference that they hand selected to give to you is not good enough. Many property managers/landlords skip this step or fail to use the most state of the art screening/qualifying process. The average eviction costs 4k-7k. http://www.seacoast.realpropertymgt.com/faqs.html  
  2. Do I have the correct insurance? – Traditional homeowners insurance isn’t good enough. Let your agent know you will be renting and find a policy that will best protect you and your asset. There are many great insurance agents in the greater Portsmouth, NH area.
  3. How am I going to get this property rented quickly? – One of the biggest expenses can be empty units. Every day a unit is empty it will cost the property owner. If your house rents for $2000 a month it will cost you 65$ a day while it is empty. Consider whether you have the resources for a comprehensive marketing plan to get it rented quickly. Just know that $35 -$65 a day can up quickly and vacancy rates will affect your ROI. http://www.seacoast.realpropertymgt.com/quickly_filling_vacancies.html
  4. How much time will it take? – Handling late night phone calls, collecting rent if it is late, showing the property….it all adds up. Unless you are ready and available 24/7 consider hiring a professional property manager. What does a property manager really do? Below is a video.

http://www.seacoast.realpropertymgt.com/whyrpm


Jay Comstock

Real Property Management Seacoast New Hampshire

www.rpmseacoastnh.com 

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.