Thinking about becoming a landlord? Whether you have a spare room, want a steady income from a duplex, or aren't ready to sell your old house, renting out your property can be a lucrative venture. In this episode, we guide you through the 12 essential steps to successfully rent out your house.

Join us as we talk deep about everything from assessing your situation and setting your budget to finding the right tenants and maintaining your property. Learn how to navigate the financial and legal aspects, prepare your home for renters, and effectively market your property.

We'll also share tips on managing your rental property, conducting regular inspections, and maximizing your investment. Whether you're a first-time landlord or looking to refine your process, this episode is packed with valuable insights to help you succeed. Don't miss out on these expert tips and strategies to make your rental journey smooth and profitable.

Lease agreements cover all the necessary terms for both you and your tenants to follow for successful rental relationships. A lease agreement template can serve as a starting point for writing a contract that limits your liability and covers all your bases.

Outline all the specific expectations you have so you and the renter can start on the same page. Answer questions like:

How much will the monthly rent cost? How much are late fees, if any, and when are they charged?

Can the tenant break the lease early?

Which utilities are the tenant responsible for acquiring and paying? Which, if any, will you cover?

Can the tenant make modifications to the home?

Can the tenant have pets? If so, is there a pet deposit or any pet fees?

What is the process for requesting a repair from you?

Is the tenant responsible for outside yard maintenance?

What does the tenant need to do to get their security deposit back after moving out?

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