Considering long-term rentals for your home?

Seeking financial stability? Maybe it's time to explore the untapped potential of long-term rentals and pave your way to a prosperous future.

With nearly 35% of households in the U.S. renting their homes, there's a strong demand for rental properties - and that's great news for homeowners like you!

Armed with this insight, here’s what we tell aspiring landlords as they start out on their long-term rental journey:

• Location, location, location. If purchasing, choose a neighborhood with high rental demand and desirable amenities to wow quality tenants. Think about proximity to schools, parks, public transportation, and popular attractions. If you’re renting a home you own, a high-demand location will help you raise the rent.

• Set the stage for success with smart upgrades. Make cost-effective improvements that enhance your property's appeal. Fresh paint, updated fixtures, and modern appliances go a long way in pleasing tenants and driving up rental income.

• Protect yourself with a rock-solid lease agreement. Clearly outline tenant responsibilities, rent payment terms, maintenance procedures, and any rules or restrictions in a comprehensive lease agreement. Consider seeking legal advice to ensure its effectiveness.

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