A lot of individuals looking to rent a condo in Toronto or to rent their own condo for investment purposes overlook the benefits of using an experienced real estate sales representative to facilitate the transaction. One may think it's a lot easier to list their property on craigslist or other such websites in order to save money, however it may end up costing you more money down the road. Here are some benefits of using a realtor while looking for a rental and for renting out your condo.
Renting out your Condo
Your realtor can advertise your condo on MLS to gain exposure to more prospects
Your realtor can help you qualify potential prospects by getting credit checks
Your realtor can advise you on current rental rates for your property
Your realtor can negotiate rental terms
Your realtor will collect all post dated checks for you from your tenant
Your realtor will facilitate the key exchange
Your realtor can get reference letters from the potential tenant for your review
If you are renting your condo fully furnished as you will not be in the country, your realtor can check in on your property periodically to ensure it's being well maintained.
Your realtor can guarantee that your tenant receives contents insurance for your property
Your realtor can advise you on the Landlord and Tenant's Act if need be
Finding a Rental Property
Your realtor can show you privately various properties in the location you desire as they have real time access to the MLS system
Your realtor can negotiate price and rental terms to your benefit
There is no charge to you for your realtor's service and time
Your realtor will facilitate all rental requirements such as credit checks, reference letters and contents insurance
Your realtor will facilitate keys and post dated check exchange
Your realtor can help you with building a healthy relationship with your landlord
Your realtor can advise you on the Landlord and Tenant's Act if need be
Written by Erica Mary Smith, Sales Representative, Tradeworld Realty Inc & Joy Paterson, Sales Representative, Right at Home Realty Inc, Brokerage, Toronto, Ontario.
Please contact us for all your rental needs.
www.torontocondomarket.com Your Toronto Realtors!
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