(205) 677-TIME (8463)
What a year for
clients trying to sell their homes... It's been
frustrating for most people to see the value of
their home decline continually. The number of
foreclosures continues to add to a host of other
problems. So what are your options?
(Are you ready to
list your home "For Rent"? CLICK
Home owners are
considering leasing their homes instead of selling
them. What are some of the important considerations
when renting your home to a tenant?
- First, review the 2006 Tenant / Landlord Act
that was passed in Alabama. This applies to
all property owners whether they use a brokerage
service or act as a landlord themselves.
- If your home is vacant for over 30 days or
leased, your Home Owner Insurance coverage might
- How do you protect yourself from tenants who
might not care for your property or pay rent
- How much rent should you charge? And remember,
you're only allowed to collect one month's rent
as a deposit according to Alabama Laws.
- How much notice must you give a tenant prior
to entering the property?
There are many other considerations you should
contemplate prior to selling or leasing your home.
Call me to discuss what option might be best for
you. I have owned many rental properties personally
and I help clients work through their options
Leasing your home might be a great way to ride
out the turbulent housing market decline for the
next few years.
Paul A DeCarlo, SFR
RE/MAX Southern Homes