If you have a home you want to rent out, but you’re not sure how to go about it, there are options to make it easier. One of the biggest concerns a lot of people have about renting homes is that they aren’t sure how to find good renters and then manage the property. With a real estate virtual assistant, you can focus on having the help you need to get your rental house listed and rented quickly and efficiently.
You don’t have to struggle with trying to find good renters, especially if you’re busy with other areas of your life. A virtual assistant who understands real estate can help you market the property in a way that brings in good people. Then they can vet renters, help you choose the right one, and make it easier for you to be a landlord. Here are some of the biggest benefits of a real estate virtual assistant.
Get Your Property Marketed the Right Way
Marketing your property as a would-be landlord can seem daunting. That’s especially true if you’ve never done it before, or if you don’t have a lot of experience with the rental market. Knowing how much you should charge, what you can and can’t say in your listing, and how to find and attract good tenants all matters.
Rather than take on the task of doing all those things and hoping for the best, you can hire an assistant to help you. Most real estate virtual assistants are comfortable with the rental market, and are good at helping you create the kind of advertising you need to attract the right tenants. Not only is that good news for helping you get started on your landlording journey, but it’s also a great way to have a trusted person in your corner.
There are specific aspects of real estate that a virtual assistant can’t help with. Essentially, they aren’t allowed to do anything that would require a real estate license. Fortunately for you, though, there isn’t anything like that to worry about when you’re marketing and renting out a property that you already own. You can turn the marketing over to your assistant, and let them make sure it’s the kind of information you want to use in your listing.
Choose the Best Renter for the Space
When your marketing attracts renters, you may have several of them to choose from. That’s good news, because it means you can pick the best person for the rental instead of just selecting the first person who applies. Just make sure you’re following all the applicable laws for rental housing in your area, so you aren’t discriminating against anyone accidentally. There are certain things you can’t say in your marketing, for example, and some specific reasons for rejecting a tenant that could get you into trouble.
A good tenant should be well-qualified to rent from you, in that they should have a good credit score, enough income to pay the rent safely, and references if they’ve been renters before. If they’re renting for the first time, you might need to ask for a co-signer or a larger security deposit. You want to be sure that you’re giving them a chance, but also that you’re protecting yourself from risk.
Handle All the Landlording Aspects With Ease
Once you have a tenant in your property, you can use ongoing help from your real estate virtual assistant. That help can be extremely important if you have multiple properties, but even one property can mean that you need additional support. Your assistant can work with your tenant to collect rent, answer questions, and take maintenance requests. If there are any problems that come up, your assistant can also notify you, so you can make decisions about the property quickly.
Getting issues fixed fast is one way to be seen as a good landlord, which is something you definitely want. You’ll attract and keep better tenants if you maintain your property and respond to concerns quickly. Your virtual assistant might not be able to handle every aspect of the property, because they might not be in the local area. Still, there’s a lot they can address without needing you to be there, either. Then you can focus on other things you need to do, and know that the property is being handled well.
Enjoy More Peace of Mind for the Future
Peace of mind is really important, and it’s something that’s not always easy to get. If you’re a landlord, especially if you’re new at it, having good peace of mind about your rental property can take some time. Why? Because it’s common to worry that something might go wrong. At the end of the day, there are certain things that are out of your control when you rent to another person. But your real estate virtual assistant can handle a lot of the duties in order to provide you with a more comfortable experience.
Even if you’re not entirely sure about renting your property to someone, it might become necessary. You could need to move somewhere else for a job, but not want to sell your house. Maybe you have an additional property that you’ve inherited, or you’re not using your vacation home anymore. It could also be that you just want to travel, or you purchased another property with the goal of creating an investment portfolio. Whatever your reason, having help and support can mean feeling better.
The Bottom Line for a Real Estate Virtual Assistant
The bottom line for anyone who’s looking for a real estate virtual assistant to help with their rental property is that the right assistant is a very valuable asset for your landlording journey. Whether you have goals of building up some property investments, or you just want to rent your home while you travel or live somewhere else for a while, an assistant can make the difference. You’ll feel more secure, reduce your risk, and have some great support for your marketing.
You can also find renters more easily, vet the right one, and have someone who can handle coordinating maintenance requests for you, too. Those are all great reasons to have a virtual assistant for your real estate needs, since it gives you opportunities you might not have otherwise. There’s no reason to tackle it all on your own, when there are assistants who will take on a lot of the work for you. Then you’re free to do other things, knowing that your rental property is in good hands.