whats the best way to rent a condo out?

Answer 1

Contact a professional property managment firm and let them handle it.

But if you need to do yourself, then buy a book from Nolo Press about being a landlord. Also make sure to price the rent at market level - so you need to go out and look at other comparable properties and see what they are renting for.

Good luck.

Answer 2

This depends on your needs. There is a balance between your feeling secure and how much money you want to make. We most often take stock of what rents are in the area and offer a Lease Option with a down payment and terms over a specific period of time (2-5 years as a rule). The advantages of Lease Optioning are 1. A down Payment that is non-refundable 2. Cashflow that exceeds the average market rents and 3. 98% of all lease options do not excercise the option, meaning you get to keep the down payment and all payments made during the agreement. Another advantage to lease options is that unlike a typical rent scenario, the tenants see themselves as potentially buying the property at the end of the agreement, so payments are more regular and they take better care of the property.

Answer 3

To find potential applicants, post on Craigslist, rent.com, and rentclicks.com.
Make sure to run their credit (they can also run their own for free and give it to ou) Verify work, and prior rent experience.
If they don't have decent credit, don't rent to them. The hardest part of getting a bad renter is getting them out.
Have them sign a lease, which can be downloaded for free for the state the you are in.

Answer 4

Become a millionare!!!!!!!!!!!!!!!