Leasing your home can be a great way to generate that extra income while maintaining the ownership of the property. Here are 9 things to consider before you do:
- Get a marketing valuation
Before letting your property you will need to get a marketing valuation, from a local property expert to guide you on what your property is likely to rent for.
- Find a reliable broker
Next, you will want to choose a broker to list the property with. Not all brokers or brokerages are the same and you should look for a brokerage you can trust with a good reputation and a strong marketing package to help your property stand out from the crowd in this competitive market. Professional photography, online presence and an active brokerage network are important to give your property the best exposure and attract tenants.
- Consider going exclusive
List your property exclusively with one agent. Exclusive listings give the broker the confidence and security to invest more time and money into marketing your property which will help you get the best result.
- Sign a RERA form
In order for your broker to list the property, all registered owners will need to sign a RERA listing form, a document giving them permission to market your property. In order for your broker to complete their due diligence, they will also ask you for a copy of the title deeds and your ID.
- Sign N.O.C for advertising
This N.O.C. will help you to your property advertising become on the top advertising listing and has more impression by clients.
- Marketing
It is so important to declutter your home before the renting process begins. You never get a second chance to make a first impression. Your property will be professionally photographed, and you want this to be as clean and attractive as possible.
A fresh lick of paint is very effective ways to make a property more appealing to tenants and don’t forget the garden and front of the property to maximize the curb appeal.
If there are any snagging jobs to be done, we will advise that you complete these before the marketing of your property is commenced.
- Viewings
Again, make sure your property is in the best condition before a potential tenant comes to view. It is a good idea to tell your broker what you love about the property, so they can relay this message to potential tenants and highlight the property’s key features that will help for marketing your property.
- Consider Property Management
This may be your only investment property in Dubai or you may have a healthy portfolio, either way it would be our pleasure to offer you a helping hand to manage this investment. Our property management team can take away the stress and strain which may occur when renting out your property and can give you peace of mind. Head over to our property management page to find out more.
- Be Flexible
When an offer of multiple cheques is brought to the table, please be willing to compromise. Gone are the days where companies will pay rent in one cheque. More often than not, rent is paid by the tenant themselves and you are more likely to get a higher price if you are willing to accept multiple cheques
- Sign on the dotted line
You have received an offer that you’re ready to accept. It is now time to check everything over and sign!
Be sure to as your broker if there is a certain part of the contract which you need to get clarification on.
Call us today to speak with an experienced agent! +97144541041.
