Tenant search – The coherence of supply and demand means that you are guaranteed not to have to search long for a tenant. Especially if you rent out a property in a sought-after location, you will have a wide range of applicants to choose from and you can make your own individual decision. Nevertheless, we advise you to simplify your tenant search and find a suitable applicant for your property without a long search.
In addition to the creation of the exposé, the publication of your advertisement and the attractive presentation through pictures, you spend a large part of your time in the response to applicant inquiries and in the agreement, as well as the execution of viewings. In addition, you still have to check the creditworthiness of the applicants, collect certificates of income and find out in a personal interview who suits your property and your rental conditions.
Save time with real estate agent
Unless you are a full-time landlord, finding a tenant can become highly challenging and take away from your time to take care of your daily responsibilities and your family. By hiring a real estate agent, you invest in your financial security and have the advantage of only having to choose between recommended prospects and have the contract drawn up. You save time, avoid mistakes and benefit from a comprehensive service that means you don’t have to worry about anything yourself and that lets you rent much more quickly and advantageously.
One of the most important tasks before every letting is to check the creditworthiness of the applicants. As an owner, you naturally want to be sure that there will be no rental defaults in the future and, as a result, no losses for you. If you hire a real estate agent, for example experts, you can rely on a professional check of the creditworthiness and a correct evaluation of the Schufa score of your applicants. Experts check the solvency of prospective tenants and make recommendations that are unobjectionable and the first choice for your rental due to their creditworthiness. Learn more about Check creditworthiness.
Letting mistakes: audit, risk, facts
You want to find a new tenant promptly and keep the costs of your search as low as possible. Since the buyer principle has been introduced, some owners have decided not to use an estate agent. This doesn’t have to be a problem, but it can prove to be a high risk if you don’t have enough experience in letting. Before you rent out your apartment or a house, you should find out all the important facts about the applicant, his financial situation and his credit rating. Also, the first impression is a crucial indication that decides whether you will rent with advantage or pre-programmed trouble in the apartment building. All about the mistakes when renting.
Tips for renting
Since the buyer principle has been in place for residential rentals, some owners are refraining from hiring an agent. However, even if you are paying for the service, you should consider the benefits and find out why an estate agent is the best solution. Find more tips on renting here.
Draft a contract
You have decided on an applicant and are sure that you want to rent the apartment or house to the person you favour? Then you are faced with the challenge of drawing up a legally valid and error-free tenancy agreement. Even though the severability clause has long been part of every rental agreement, you should also avoid mistakes in the other points of the contract and make a legal challenge impossible. Learn more about the topic contract.
