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Trying to find the right tenant for your home or condo can be very difficulty at times. Being a landlord has it's challenges, especially in today's world where renters have as much rights as you do. You need an experienced Realtor to help you with the process. MyDaddyHomes have been helping Landlords with their real estate needs since 1986, we would like to do the same for you.
How To Fimnd A Tenant For Your Property:
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Using the services of a Realtor: Such as MyDaddyHomes to list your home on the MLS system and to help you with all the necessary paperwork, screening of prospective tenants and all the other requirements that goes along with renting a property. Please note there is a charge for this service, one months rent + HST.
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Doing the legwork yourself: By placing adds in the local newspaper, word of mouth advertising, placing a sign on your property etc. There is no Realtor involved, with this option you would need to screen the prospective tenants yourself and get help drawing up an official lease with a tenant and ensure you protect yourself and the property. Not preparing an official lease could be cause for problems down the road.
Using MyDaddyHomes To Find You a Tenant:
1. Needs and wants: We meet with you and cater to your needs and wants by listening to the type of tenant you would like to have rent your property.
2. Viewing of the property by prospective tenants. All viewings are booked through our RE/MAX Real Esate Centre office, we keep a complete record of who showed your home at what day and time.
3. Viewing of a property already tenanted: If your property is presently tenanted, we will give the tenant 24 hours prior notice that a prospective tenant/purchaser will be viewing the property.
4. Offer submission: Realtors are informed about the criteria that must accompany all offers. We review with you the offer and ensure that it meets with your requirements. Here is an example of the contents of an offer:
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The price the prospective tenant would like to lease the property for
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How long the lease is for
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When does the lease start and end
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What utilities the tenant will be responsible for
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If it is a home, the tenant must be responsible for snow removal, keeping the lawns maintained etc.,
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The amount of days of notice that you must give the tenant if you are thinking about selling the home or moving back into the property
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The amount of days of notice the tenant must give you if the tenant will not be renewing the lease at the end of the term
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Who can live on the property
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How often you can inspect the property during the lease term
5. Rental application preparation. The tenant must fill out a rental application that details the required information about the tenant.
6. Credit Check: The tenant must submit a credit check along with credit score with the offer to lease. An average to a good credit score is a indicator that the tenant is a good credit risk. Lease approval is always dependent on a satisfactory credit check.
7. Income to support rent: The tenant must submit a job letter and other as required documents to show proof of income to support the monthly rental obligations.
8. First and Last months rent submission. The tenant must submit by way of a money order, a certified cheque or bank draft for the first and last month's rent within 24 hours of the acceptance to lease.
9. Transfer of utilities from the landlord to the tenant. We ensure that you have all the right paperwork required to transfer the applicable utilities from the Landlord to the tenant
10. Post dated cheques for monthly rent: The tenant on day of closing will provide to you with 10 post-dated cheques to cover the rent for the balance of the lease
11. Taking possession: We accompany you on closing day to ensure that all necessary closing day activities are taken care off and you have a hassle free closing.
Summary: We treat landlords with the same care as we do with Buyers, Sellers and Renters. When you are looking to rent your home or condo, there is one name to remember "MyDaddyHomes" we treat you as family, Contact us today for a helping hand.
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We Help Landords Find Good
Tenants. Call Us Today!
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Credit Score Chart:
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Score Range |
Rating |
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760+ |
Excellent |
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725-759
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Very Good
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660-724
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Good
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560-659
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Fair
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300-559
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Poor
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