Before renting your property, make sure it is ready for tenants. This means carrying out any necessary repairs, equipping, cleaning and refreshing the property. A property in good condition is more attractive to tenants and can justify a higher rent.
Research rents in the city/neighborhood to make sure the rent you're asking is competitive. Setting the rent too high can deter potential tenants, while setting the rent too low can cause you to lose money.
A well-drafted lease is essential to protect both the landlord and tenant. Make sure the lease spells out all the terms, including the amount of rent, length of lease, responsibilities for repairs and charges, rules about pets, etc.
Exercise caution when selecting tenants. Check their background by asking for references from previous rentals, check their creditworthiness by consulting their salary slips and tax forms and make sure they have the ability to pay rent and guarantees.
If you do not wish to manage the rental of your property yourself, consider calling on our real estate agency Arsène Immobilier. We specialize in finding tenants, managing leases, repairs and collecting rent, freeing you from time and hassle.
A good knowledge of current legislation will help you avoid legal problems and ensure a harmonious rental relationship.