Monday, August 10, 2015

Atlanta brings Baby Boomers - North Atlanta Business Post

Atlanta brings Baby Boomers - North Atlanta Business Post

10 Questions to Ask BEFORE Renting Your Home - www.BuckheadAtlantaRealty.com

10 Questions to Ask BEFORE Renting Your Home - www.BuckheadAtlantaRealty.com
Source: Keeping Current Matters

1. Tenants' Late Payment -
How will you respond if your tenant says they cannot afford to pay the rent this month because of more pressing obligations? (This happens most often during holiday season and back-to-school time when families with children have extra expenses.)

2. Tenants Affording Payment -
Because of the economy, many homeowners cannot make their mortgage payment. What percentage of tenants do you think cannot afford to pay their rent? How you verify that they can afford it?

3. Evictions -
Have you interviewed experienced eviction attorneys in case a challenge does arise?

4. - Insurance -
Have you talked to your insurance company about a possible increase in you premium as liability is greater in non-owner occupied home?

5. Pets -
Will you allow pets? Cats? Dogs? How big a dog?

6. Collecting Rent -
How will you actually collect the rent? By mail? In person?

7. Repairs -
Repairs are part of being a landlord. Who will take tenant calls when necessary repairs come up?

8. People to Make Repairs -
Do you have a list of craftspeople readily available to handle these repairs?

9. Physical Inspection
How often will you make a physical inspection of the property?

10. Your HOA
Can you rent your rent your home? What does your HOA say about? Under what circumstances can you do it? Do you have to get on a waiting list?