FAQs by Homeowners
Before making this decision, there are a few questions which you should ask yourself first. What is my level of tolerance for maintenance issues which are going to inevitably arise when I rent out my home?Do I have a reserve account set up to handle normal operating expenses which I will need to cover such as the mortgage payment, insurance, emergency repairs, etc.?
Can I detach myself emotionally from my home and now view it as an investment property?
It takes a specific mindset to handle the challenges of renting your home out. You have to realize that no matter how new your home is, there will be unexpected maintenance expenditures.
The first step is to collect information on comparable rentals in the area. Look for other homes that have rented recently in your area which are similar to your home in terms of square footage, bedroom/bathroom configuration, age, condition, upgrades, etc.Have these homes rented quickly? Or did they take a long time? All of this information should be factored in to your final estimate of monthly rental value. Potential sources of comparable data information are area real estate agents, newspaper listings and property management companies.
Tenant screening is by far the most important part of the rental process. A few of the properties which we receive for management have been rented by owners or management companies who did not do thorough & appropriate screening when their current tenants moved in. Now these tenants have not paid their rent and must be evicted.We recommend that you look for the following items from your prospective new tenants: a completed rental application from every adult that will be occupying the property, a proof of income such as a copy of a current paycheck stub showing year-to-date earnings and a copy of a current driver’s license or other form of picture ID. Make sure that names and addresses match.
Always obtain a credit report and a tenant performance report on your potential tenants. We currently use National Tenant Network for our reports. The tenant performance report will indicate whether these people have had any previous Unlawful Detainer Complaints or Evictions filed against them. Always check references.
If you can’t find the information you are looking for, please email ushere.
How to Set Up Your Online Tenant Portal Account:
1. Contact us and let us know you’re interested in paying your rent online by filling out the form below.
2. Give us your current email address so we can send you an invitation email.
3. When you get the invitation email (it will come from firstname.lastname@example.org), click on the link in the email to set up your account.
4. Create a secure password and activate your account.
That’s it! Now you can log in anytime, from anywhere and make payments, schedule payments, view your payment history, and more!
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