national realty investment advisors, llc shares things to consider before renting property

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Renting your investment home the right way is critical to maximize real estate returns. National Realty Investment Advisors, LLC brings the property rental checklist to help you earn more in the long term and keep your property in best shape. Go through the Slideshare for best property rental tips.

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Page 1: National Realty Investment Advisors, LLC Shares Things to Consider Before Renting Property
Page 2: National Realty Investment Advisors, LLC Shares Things to Consider Before Renting Property

Rent out your investment home the smarter way. National

Realty Investment Advisors, LLC provides these tips to help you

safely rent your house. Get maximum rental profits from your

new income property by following this checklist:

Page 3: National Realty Investment Advisors, LLC Shares Things to Consider Before Renting Property

Short Listing TenantsShort Listing Tenants

Make sure you rent the property to tenants with proven stable

employment and a good credit history. Verify employment and

pay stubs, get a “tri merge credit report” authorized by the

tenant and run full credit bureau reports.

Make sure you rent the property to tenants with proven stable

employment and a good credit history. Verify employment and

pay stubs, get a “tri merge credit report” authorized by the

tenant and run full credit bureau reports.

Page 4: National Realty Investment Advisors, LLC Shares Things to Consider Before Renting Property

Identity CheckIdentity Check

• Pay for a background check and eviction history.

• Make sure the ID is real and matches up.

• Run a thorough identity check during tenant screening.

• Pay for a background check and eviction history.

• Make sure the ID is real and matches up.

• Run a thorough identity check during tenant screening.

Page 5: National Realty Investment Advisors, LLC Shares Things to Consider Before Renting Property

Thorough PaperworkThorough Paperwork

• Get everything in writing with a written lease, terms and

conditions required. Have legal counsel obtain a good

standard lease document to protect you.

• Hand over the apartment keys only after all the certified

check deposits have cleared, and the legal papers and

contracts have been signed.

• Get everything in writing with a written lease, terms and

conditions required. Have legal counsel obtain a good

standard lease document to protect you.

• Hand over the apartment keys only after all the certified

check deposits have cleared, and the legal papers and

contracts have been signed.

Page 6: National Realty Investment Advisors, LLC Shares Things to Consider Before Renting Property

Security DepositSecurity Deposit

• Don’t rent a property without collecting a minimum one

month security deposit – regardless of credit quality. You

need that for damage repair or back rent regardless.

• Make sure the lease defines all items security can be

charged for.

• Don’t rent a property without collecting a minimum one

month security deposit – regardless of credit quality. You

need that for damage repair or back rent regardless.

• Make sure the lease defines all items security can be

charged for.

Page 7: National Realty Investment Advisors, LLC Shares Things to Consider Before Renting Property

Regular RepairsRegular Repairs

• Keep your property in the best shape by undertaking

routine maintenance checks and repairs.

• Proper maintenance and upkeep will get you better rents

and keep you in a stronger position.

• Keep your property in the best shape by undertaking

routine maintenance checks and repairs.

• Proper maintenance and upkeep will get you better rents

and keep you in a stronger position.

Page 8: National Realty Investment Advisors, LLC Shares Things to Consider Before Renting Property

• Make sure tenants sign in writing for a “100% working and

all systems operable” home when they move in and agree

to repair and maintain the systems and home in good

working order other than normal wear and tear.

• Make sure tenants sign in writing for a “100% working and

all systems operable” home when they move in and agree

to repair and maintain the systems and home in good

working order other than normal wear and tear.

Page 9: National Realty Investment Advisors, LLC Shares Things to Consider Before Renting Property

Insure Your PropertyInsure Your Property

• Insure your property to deal with any structural, accidental,

fire or theft damages.

• Insurance will protect you from lawsuits so include Loss of

Rent coverage for any period the home is ever damaged and

liability coverage.

• Insure your property to deal with any structural, accidental,

fire or theft damages.

• Insurance will protect you from lawsuits so include Loss of

Rent coverage for any period the home is ever damaged and

liability coverage.

Page 10: National Realty Investment Advisors, LLC Shares Things to Consider Before Renting Property

Add Important ClausesAdd Important Clauses

All perils of fire, theft, damage should be included with loss of

rent coverage. Include at least a $500,000 liability coverage per

home. Check your primary carrier for additional umbrella

coverage.

All perils of fire, theft, damage should be included with loss of

rent coverage. Include at least a $500,000 liability coverage per

home. Check your primary carrier for additional umbrella

coverage.

Page 11: National Realty Investment Advisors, LLC Shares Things to Consider Before Renting Property

Prepare for Additional WorkPrepare for Additional Work

• Maintaining a rental property will add additional chores in

your to-do list such as rent collection calls, repairs, and

tenant assistance.

• So, if you are going to manage your rental property on your

own, make sure you have the time.

• Maintaining a rental property will add additional chores in

your to-do list such as rent collection calls, repairs, and

tenant assistance.

• So, if you are going to manage your rental property on your

own, make sure you have the time.

Page 12: National Realty Investment Advisors, LLC Shares Things to Consider Before Renting Property

Planning to buy another home to rent out?

Planning to buy another home to rent out?

• If you are thinking of another real estate investment, then,

you should know about the best proven property

opportunities and investment trends in the market.

• If you are thinking of another real estate investment, then,

you should know about the best proven property

opportunities and investment trends in the market.

Page 13: National Realty Investment Advisors, LLC Shares Things to Consider Before Renting Property

• National Realty Investment Advisors, LLC is changing the way

high net worth individuals invest in real estate with its

absentee owner safe high return property selection and

management system.

• National Realty Investment Advisors, LLC is changing the way

high net worth individuals invest in real estate with its

absentee owner safe high return property selection and

management system.

Page 14: National Realty Investment Advisors, LLC Shares Things to Consider Before Renting Property

Hassle-free Property InvestmentHassle-free Property Investment

• National Realty Investment Advisors, LLC has simplified real

estate investment by eliminating the need to “go it alone” and

search for property opportunities, develop them, close on them

and then tenant, maintain , and project supervise them by

yourself.

• National Realty Investment Advisors, LLC has simplified real

estate investment by eliminating the need to “go it alone” and

search for property opportunities, develop them, close on them

and then tenant, maintain , and project supervise them by

yourself.

Page 15: National Realty Investment Advisors, LLC Shares Things to Consider Before Renting Property

• The firm has made real estate investment super easy with its

proven property investment plan that takes the headache out of

real estate investment properties and managing tenants.

• The firm has made real estate investment super easy with its

proven property investment plan that takes the headache out of

real estate investment properties and managing tenants.

Page 16: National Realty Investment Advisors, LLC Shares Things to Consider Before Renting Property

Consult with National Realty Investment Advisors, LLC

Consult with National Realty Investment Advisors, LLC

Since 2006, the professional team of NRIA has specialized in:

•Pre-rented investment homes in prime locations.

•Secure and long term investment returns with over $100,000 of

built in equity per property guaranteed.

•Superb Client support and financial management.

Since 2006, the professional team of NRIA has specialized in:

•Pre-rented investment homes in prime locations.

•Secure and long term investment returns with over $100,000 of

built in equity per property guaranteed.

•Superb Client support and financial management.

Page 17: National Realty Investment Advisors, LLC Shares Things to Consider Before Renting Property

Call National Realty at 201.210.2727 to speak with real estate

investment manager.

Contact NRIAWebsite: http://nria.net/Twitter: https://twitter.com/NationalRealty_Facebook: https://www.facebook.com/pages/National-Realty-Investment-Advisors-LLC/439519179451414

Call National Realty at 201.210.2727 to speak with real estate

investment manager.

Contact NRIAWebsite: http://nria.net/Twitter: https://twitter.com/NationalRealty_Facebook: https://www.facebook.com/pages/National-Realty-Investment-Advisors-LLC/439519179451414