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How to Rent Your Home When Moving to Another State

Moving is always a daunting task, and it involves a lot of decisions, such as what to do with the old home. The fact that you’re moving to another state doesn’t necessarily mean you have to sell your old home. You can choose to rent it for a year or two. Here we have prepared for you some useful tips that can help you rent your home. It may look like a daunting task at first since you will let strangers into your beloved home. That’s why it’s important to protect yourself legally and financially. Let us show you how to rent your home when moving is involved, but before that, we would like to say something about our services.
Before setting off, make sure to hire professional movers to get you to the new home. The thought of moving to another state makes you feel thrilled, but there are many things you are worried about. One of them is the task of relocating your belongings to a new address. We at Cross Country are proud to say that our movers are experts in long-distance relocations. Our team is skilled, experienced, and kind crew that will make your relocation easy and stress-free. Cross Country offers a broad range of moving services to make your relocation fast and efficient. Our priority has always been the satisfaction of our clients, so you can rely on us to transport your belongings with the utmost care. Feel free to contact us anytime. We will be glad to assist you in moving to another state. Read on to see our tips on how to rent your home.
how to rent your home
Realtors are well informed and can help

Find a Realtor

Real estate agencies can help you find a serious tenant. They have lots of information about the market and can find people who would like to settle in your area and perhaps even buy a house eventually. Agents will also handle all the work, including scheduling maintenance and collecting rent checks for you. Such agencies usually charge a fee of one month rent in twelve months.

Hire a Property Management Company

This is one of the good alternatives since property management companies exist to rent houses and apartments for the owners. They can guarantee you that they will handle all the property management for you. The company will make sure that you get a paycheck regularly. Usually, they charge 8% to 12% for their services and the first month's rent. 
Let someone else manage the property
Let someone else manage the property
Rent it out on your own

Rent Your Property Out on Your Own

As this option is very risky for you, you could do it if all the other options are, for some reason, out of the question. If you don't have much experience, it is quite a risk to manage all the work yourself. Nobody can guarantee that your tenants won't ruin some parts of your home or even not pay on time, and you won't be close enough to check it regularly. It could be a big hassle for you, and many things can go wrong. It is better to find an expert to help you with the rules and regulations when it comes to signing all the paperwork. 
If after all, you decide to rent your old home on your own, keep the following things in mind:

Set Priorities

The first step is deciding what kind of tenants you would be comfortable with. Would you be open to renting to college students? Will pets be allowed? What about smokers? Make a list of things that are a deal-breaker for you and stick to it. If you’re too lenient, you might end up regretting it later.

Decide on the Price

It is unlikely that you will be able to rent your house if the price is too high. Do some research on real estate and rent prices in your neighborhood and try to stay within those limits.

Draft a Contract

Before even considering any tenants, draft a contract that you will use as a lease agreement. Make sure you protect your rights and that there are no potential loopholes. You might want to get help from a legal adviser for this task.

Get Insurance

Having proper home insurance is the only way to protect your home from any future damage and yourself from financial troubles. Even if you already have an insurance policy, you will likely need a different one now that your old home is becoming a rental property.

Choose Tenants Carefully

You’ll need more than a gut feeling to pick the right tenant for your home. Do a thorough background check on any potential renter, ask for their social security number, confirm their employment, and check their references. Evicting an unruly tenant is much harder than not letting one into your home. 

Assign a Property Manager

Even if you decide to go through the renting process on your own, you will still need someone to manage the property for you once you move. This includes collecting rent, taking care of maintenance and repairs, and any other tasks that pop up over time. You won’t be able to do it all remotely from another state. This doesn’t necessarily have to be a professional - you can delegate this task to a friend or a family member you trust. 
Cross Country movers hope you will rent your home successfully. We highly recommend you get familiar with the rules and regulations to save you some trouble. And if you need someone to help you with the relocation process itself, you know who you can count on - Cross Country Movers! We’re here to make sure your relocation goes without a hitch. We will cover the whole moving process for you - from packing to unpacking. Request a free moving price estimate and start planning your move.