How to Keep Yourself Safe When Renting to Tenants

How to Keep Yourself Safe When Renting to Tenants

Renting to Tenants can be a great way to make some income on the side and is a great addition to your investment portfolio. However, it isn’t always super easy to find the right tenants for your space. You don’t want to put yourself in a position where you might be harmed financially by your tenants. Here are a few ways to keep yourself safe when renting to tenants.

How to Keep Yourself Safe When Renting to Tenants: Insure Your Properties

First of all, it is important to get insurance for your rental properties. When your properties are insured, it will keep you from having to pay for damage and issues 100% out of pocket. Your insurance will protect you financially by helping you to pay for these issues. Rental property insurance can also give you liability coverage which will protect you from being sued if your renter gets injured while on your property. Rental property insurance is well worth the cost and financial investment.

Screen Your Tenants

Next, you should screen all of your potential tenants before deciding on who will rent your property. Even if you’re anxious to have someone fill a vacancy, don’t be so desperate that you end up with a bad and inconsistent tenant. There are various things you should look for in your tenants’ screening. For example, you should run a credit check on all prospective tenants to avoid trouble. This will help you to ensure that they will have the finances required to pay rent every month.

How to Keep Yourself Safe When Renting to Tenants: Perform Regular Inspections

Lastly, make sure that you are performing regular inspections of your rental properties. This will help you to ensure that they are being cleaned and maintained properly. You should absolutely perform inspections after every tenant moves out of your property to see what repairs you’ll need to do before you let a new tenant move in. It can also be helpful to have routine inspections every month to make sure the property is taken care of. If you’re not around every month to perform those inspections yourself, you can hire a Residence Assistant or Manager to take care of it for you.

 

So, if you’re preparing to open up your rental properties for potential tenants, remember these tips written in this article. Make sure to insure your property, screen your tenants, and perform regular inspections to have the best possible outcome with your tenants. When you are involved in the tenancy process, you’ll have a much more successful and positive experience.

 

Check out this article on what to know before renting out your ADU!

 Steelbridge Realty LLC  is a Licensed Real Estate Brokerage that utilizes cutting-edge marketing techniques and data-driven Real Estate solutions in today’s ever-changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.

 



 

$5,800,000
Land For Sale
Active
1.3945
ACRES
LEE
COUNTY
1215 & 1233 Braman Ave
Fort Myers, FL 33901
Fort Myers Subdivision
$15,950,000
Single Family Home For Sale
Active
4
BEDS
9
TOTAL BATHS
10,033
SQFT
1240 Coconut Dr
Fort Myers, FL 33901
Palm Gardens Subdivision
Price Change - 2 weeks ago
$885,999
Single Family Home For Sale
Active
3
BEDS
3
TOTAL BATHS
3,467
SQFT
1249 Osceola Dr
Fort Myers, FL 33901
Riverside Subdivision
$2,290,000
Single Family Home For Sale
Active
3,230
SQFT
3752 Harold Ave
Fort Myers, FL 33901
Fort Myers Subdivision
$599,000
Single Family Home For Sale
Pending
3
BEDS
3
TOTAL BATHS
2,503
SQFT
1362 Braman Avenue
Fort Myers, FL 33901
Becklers Riverside Add Subdivision
Listing courtesy of Sara Kyle of NEXTHOME ADVISORS
$1,875,000
Single Family Home For Sale
Active
4
BEDS
4
TOTAL BATHS
4,684
SQFT
3232 Mcgregor Blvd
Fort Myers, FL 33901
Riverside Subdivision
New Listing - 5 days online
$335,000
Single Family Home For Sale
Active
3
BEDS
2
TOTAL BATHS
2,109
SQFT
1420 Moreno Ave
Fort Myers, FL 33901
Mcgregor Estates Subdivision
$6,000,000
Single Family Home For Sale
Pending
5
BEDS
5
TOTAL BATHS
7,719
SQFT
2844 Valencia Way
Fort Myers, FL 33901
Lynns Add Subdivision
$479,000
Single Family Home For Sale
Pending With Contingencies
3
BEDS
4
TOTAL BATHS
1,784
SQFT
1414 Alhambra Dr
Fort Myers, FL 33901
Fort Myers Subdivision
$569,000
Single Family Home For Sale
Pending With Contingencies
3
BEDS
2
TOTAL BATHS
1,903
SQFT
1353 Sunbury Dr
Fort Myers, FL 33901
La Chelle Manor Subdivision
New Listing - 5 days online
$524,900
Single Family Home For Sale
Active
3
BEDS
3
TOTAL BATHS
1,720
SQFT
1334 Sunbury Dr
Fort Myers, FL 33901
La Chelle Manor Subdivision
$199,900
Land For Sale
Pending
0.19
ACRES
LEE
COUNTY
1461 Barcelona Ave
Fort Myers, FL 33901
Fort Myers Subdivision
Price Change - 4 weeks ago
$2,795,000
Land For Sale
Active
1.1381
ACRES
LEE
COUNTY
1301 Poinciana Ave
Fort Myers, FL 33901
Poinciana Park Subdivision
Price Change - 4 weeks ago
$499,900
Single Family Home For Sale
Pending With Contingencies
6
BEDS
3
TOTAL BATHS
2,925
SQFT
1473 Barcelona Ave
Fort Myers, FL 33901
Valencia Terrace Subdivision
$950,000
Single Family Home For Sale
Pending With Contingencies
3
BEDS
3
TOTAL BATHS
2,898
SQFT
1436 Cordova Ave
Fort Myers, FL 33901
Fort Myers Subdivision
New Listing - 5 days online
$659,900
Single Family Home For Sale
Active
4
BEDS
2
TOTAL BATHS
2,306
SQFT
1542 Olmeda Way
Fort Myers, FL 33901
Allen Court Subdivision
$389,000
Single Family Home For Sale
Pending
3
BEDS
3
TOTAL BATHS
1,540
SQFT
1573 Maravilla Ave
Fort Myers, FL 33901
Allen Park Subdivision
$969,000
Single Family Home For Sale
Active
3
BEDS
2
TOTAL BATHS
2,153
SQFT
1433 Lynwood Ave
Fort Myers, FL 33901
Fort Myers Subdivision
New Listing - 3 weeks online
$450,000
Single Family Home For Sale
Pending With Contingencies
3
BEDS
2
TOTAL BATHS
1,318
SQFT
1629 Maravilla Ave
Fort Myers, FL 33901
Country Club Homes Subdivision

 

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