What to look for in rental apartments by owners
Many who want to rent out their apartments list their properties online. The benefit of such rental listings by owners is the non-involvement of a middleman or agent. The property owner and tenant discuss the terms and conditions directly. Each listing describes the apartment’s features, such as its area, amenities, location, and price. But while there are many advantages to approaching the owner directly, one should research well before signing the agreement.
The main thing to realize is that there is no difference when it comes to quality of the listing by an owner, as compared to that of a listing posted by an agent.
However there are no guaranties even if an agent gives his seal of approval. Sometimes the listings for flats on rent by owners can prove to be the smarter option and can also save you some big bucks if you can manage to negotiate the price. Any direct relationships which are cultivated over time tend to prove fruitful for both the parties, in this case between the tenant and the owner.
Coming to a mutual understanding, finding common ground and agreeing to the terms and conditions of the lease to be signed will establish a good foundation between both parties, to benefit in the long run.
Normally the different types of residential properties that are available for rent by owner include town homes, condos and regular apartments. There are studio apartments, one, two or even three bedroom apartments which suits your purpose and budget for that matter.
Apart from building long lasting relationships, when it comes to the apartment, make sure that you check the following.
Check the layout of the apartment which includes the floors, carpeting, walls and the paint scheme or wallpaper, type of windows installed. Apart from the living spaces, check bathrooms and the kitchen. Ensure that the apartment is well ventilated.
Check if the building has power backup in case of a blackout, you wouldn’t want to miss that football game just when your favorite player is out there about to score the touchdown.
Temperature control and fire safety are next on the list. Make sure the thermostat is in proper working order and ensure that the fire alarm is active. Contact the owner and have him check these components, if needed replace them before you decide to move in.
