In the case that you are looking to rent out an apartment, you should make sure to get familiar with the process before you publish an ad. While it does look pretty straightforward, the fact is that the renting business has a set of rules that all should follow. Should you be new to this thing of renting out an apartment in Staten Island, you should make sure to find out as much as you can about the process. There are many do’s and don’ts in this industry. As the top Staten Island movers, we know how it all can go wrong. Therefore, today we are going to take a look at the most important rules that you, as a landlord should follow. So, if you are interested to do this right, make sure to bear with us till the end. You will be glad that you did.
What to do when renting out an apartment in Staten Island
Renting apartments in any part of the country seems pretty simple. All that you have to do is to clean it, take pictures and post it online. However, this is not where the story ends. Instead, you should make sure to find out about the local laws that you need to abide by. Even when you are familiar with them you are not going to be entirely ready for renting out. So, before you let someone move into your property and call movers Jamaica NY to help them out, make sure to set the following rules:
- Paying deposit and rents upfront
- Rent collection date
Let’s take a look at what exactly you need to focus on.
Paying deposit and rents upfront
The most important thing that you need to do is to make sure that you are not going to suffer any losses. How could you suffer losses when renting out an apartment in Staten Island?
Well, in the case that your leaseholders move out early or break items in your apartment, you should have a safety net. The deposit that you should ask for is exactly that. You can use it for disposal and cleaning NYC, repainting the place or anything else. Just make sure that you have money to pay for it.
Rent collection date
The next thing that you should decide is when you would like to collect rent.
Usually, rent is due on a weekly basis. However, depending on the situation and the relationship that you may have with the leaseholder, you may change it. Biweekly or monthly rent collection will all do.
Maintenance when renting out an apartment
Lastly, you need to decide who pays the maintenance in your apartment. Most commonly, it is the owner of the property who pays for it. Still, sometimes, you can let the tenants deal with any maintenance issues that may arise.
There are many things to keep in mind when renting out an apartment in Staten Island. Make sure that you know them all before you get into the business.