How Do I Turn My Home Into a Rental Property?

Table of Contents What’s the biggest mistake homeowners make when converting their home into a rental? What is the first step for turning my home into a rental property? Will my home rent? How much will my house rent for? How can I make sure my tenant will pay their rent? How can I make sure my tenant will take care of my house? What are Rentwell's property management fees? How does Rentwell offer high-quality service at fair prices? What does your contract look like? What happens after the rental agreement is signed? What does your lease agreement include? How can you help prepare my home for rent? How will you market my home to find the right tenant? What happens once a tenant is living in my home? Additional FAQs - Turning Your Home Into a Rental Property Can I still use parts of my rental for storage once tenants live there? Is upfront maintenance work included with Rentwell's property management services? What happens if my tenant stops paying rent? What happens if we discover a major repair we can’t afford before renting our house? Do I get to decide which applicant will live in my home?

By |2026-05-15T20:32:26+00:00June 12, 2024|Rentwell, Uncategorized|0 Comments

Is It Worth It? Pros and Cons of a Month-to-Month Lease Agreement

Published August 19, 2021. Updated April 20, 2023.  If you're a real estate investor in the Philadelphia area, keeping your rental properties full is a top priority. Sometimes, that may require changing up the way you do things. Maybe you've thought about offering a short-term lease agreement for some of your properties but weren't sure if it was the best route to take. If short-term doesn't make sense, are there other options for renters who can't commit long-term? What about a month-to-month option? Many property owners incorporate monthly leasing options into their operations, but it's helpful to understand the pros and cons of doing a month-to-month lease agreement before jumping into it. So, today, our Philadelphia rental management experts weigh in on the pros and cons of this type of lease and whether rental owners should consider it when planning leasing strategies.

By |2026-05-15T20:32:29+00:00April 20, 2023|Rentwell, Uncategorized|0 Comments
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