Many people rent out their homes on a long term basis. It is an ideal way to spend your vacation or a rainy day, and many people find it the most affordable way to live. The problem comes when you get to that point where you’re paying more for your home than what it’s worth. That’s why it is important to research the market and make sure that you are getting the best deal possible. Here are a few tips to help you get a great deal on your next long term rental. Learn more information about phuket long term rental.
Price Adjustment: Long term vacation rentals give their tenants the ability to adjust the cost of rent on a monthly basis more than owners of longer term rentals could. Renters can adjust the cost of rent between multiple occupants as they deem fit. If the rental home doesn’t have adequate utility bills, the renter can decline these and use these funds to pay their utility bills instead.
Tenant Access: Long term rentals usually have several tenants and sometimes multiple owners. This can cause conflicts between tenants and owners. Talk with a real estate property management company about having them monitor the property so the renters won’t feel intruded upon.
No pets: If you plan on letting your four-legged friend stay in your house, then don’t allow him to stay there for any amount of time. A lot of dogs just like to have a place to scratch. Also, if your pet is a long haired dog, then he will shed all over the place and mess up everything. You don’t want to have to pay fines for this and your tenants will never respect your boundary if you let your pet stay in your house on a short-term basis.
Exclusions: Some long term rental agreements will not allow certain things such as pets or smoking on the premises. Be sure to read your contract carefully and make sure that everything you agreed to is in writing. Many times the landlord will include this stipulation in the lease. This should be a standard inclusion so that both you and the tenant know what is expected of you.
Exclusions: Some long term rental contracts will prohibit pets altogether. If this is the case, then be sure to include this stipulation in your agreement. Other rules may be more lenient with regards to smoking. Many landlords allow smoking on the short-term basis only. This is usually when the tenant smokes inside the unit, but it is important for both you and the tenant to agree to this rule before signing a lease agreement.