Originally Posted by
ScrappyAZ
Does anyone have any experience with renters? Hubby and I put our home on the market Tuesday, and last night, our realtor called to say a family would like to rent our home. They have two older children (15 and 20) and have been renting their current residence since 2009. Not sure why they prefer to rent, but I guess that's their business. The monthly rent they are offering will offset our current mortgage so hubby is thinking this may be a good idea. All I hear are renter horror stories. Are there any good stories out there? We have until Sunday to make a decision.
We have 3 rentals. At present they are long term ones, so we are very blessed at present. In the past we have had horror story renters. Make sure your lease papers are good ones, get a deposits equal to 2 months rent up front with the first months rent. If there are pets, get extra deposit money for that.
Pets in one of our rentals cost us $15,000.00 in repairs. Have a credit report as requirement and references as well as an application form with all of their pertinent information on it. Do periodic visits so you can inspect to make sure everything is as it should be. Your lease should have specifics as to any maintenance, such as plugged drains, yard mowing, etc. Good luck.