Do you have several apartments that you want to rent out and are hesitating between managing it yourself or delegating the task to a real estate agency? Here is some information you need to know in order to make the right decision.
Have you ever rented out a property or are you only thinking about it now? If you are still new to the field, know that there are a number of things to manage when renting out your property, starting with finding a tenant and setting the rent. Even before the search, you must check the electrical installation, the state of the sanitary facilities, the evacuation ducts as well as other equipment, because the State requires the rental of decent housing via the decree of January 30, 2002. This decree aims to protect tenants from the risks associated with the poor condition of the accommodation they rent.
Fixing the rent, drafting the lease or even organizing site visits are also tasks that should not be neglected. Indeed, they determine the quality of the relationship between the tenant and the owner and prevent disputes since all the points are clearly specified before any contract is signed. Once you find a tenant, also make sure the payment is regular, plan for mid-tenancy repairs, and end the lease if need be.
By choosing to have your rentals managed by a real estate agency, you can go about your other occupations in complete peace of mind. In addition to peace of mind, you will also benefit from the expertise of a qualified professional who will put his know-how at your service. He will take care of the rental management from A to Z and your only task will be limited to receiving the money from your rents. What more ? Of course, you must provide for the payment of rental management fees which generally represent 7 to 8% of the amount of the annual rent without charges. The fees are negotiable and it is up to you to find common ground with the real estate agency that serves you.
So that your real estate is managed as you wish, only work with an agency employing regulated professionals. The latter must have a professional card issued by the prefecture; a property management card. Also check that you have civil liability insurance, because from the moment you delegate the management of your apartments, this means that you free yourself from all liability.
If you only rent an apartment, you can easily manage it. On the other hand, you must stop all other activity if you have to manage several rental apartments. If necessary, it is advisable to use a real estate agency. This will give you peace of mind and allow you to concentrate on your other activities, knowing that your property is in good hands.