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You may be asking yourself, how can I rent my house? There are a number of ways in which you can find prospective tenants and rent your house within a competitive real estate market. There are two primary ways to rent your home—rent your house yourself or hire a property management company that specializes in home rentals.
When you rent your house without professional help, you can focus on finding prospective tenants by placing ads in the newspaper or online, including Craigslist, Pennysaver, and RealRentals.com. You can also post signs around the neighborhood that let the community know that your home is for rent, in case they have friends or family that might want to move. This direction can conserve money but not time.
The second way to rent your house is by using a company that specializes in home rentals and can find and screen prospective tenants through aggressive marketing campaigns. They can also handle all the other aspects of home rentals, including walk-throughs, credit checks, lease agreements, rent collection, and maintenance. These professionals have a better understanding of the real estate market, but they do take a percentage of the monthly rental income in return for this experience.