Let's say the situation is as follows: you've just got engaged and both you and your would be fiancee own a home, so you decide to consolidate.
Two houses suddenly become one, and you're not really interested in selling the house for a number of reasons; perhaps you owe enough on it that selling it at the moment is a losing endeavor (you might actually lose money on the deal), or maybe the situation is you're still boyfriend and girlfriend, and you aren't sure if all is going to work out for the long term.
Maybe you just want to get into the rental business and see if you can make a little money on the deal.
Whatever reason, you're about to embark on renting your home, and you'll need to at least pay attention to some key points that go beyond the credit reports, background checks and making sure the landscaping is picture perfect.
Of course, the aforementioned credit report and background check is the best place to start once you've found someone to rent the home. You may want to even ask for a pay stub as well, just to be certain that you'll get the rent money that you're asking for every month. Far too many would be landlords charge $1,000 per month for rent, and end up renting out to a person who has a 700 credit score but makes $1500 per month.
Like this article? Sign up to get similar articles sent to your inbox:
Keycode is headquartered in Las Vegas, Nevada. We are constantly striving to improve our service to both advertisers and consumers. We invite you to join our social community and provide us with feedback.