Exclusively For Landlords

Do you have a second property you would like to rent out? Renting out a property can seem like an easy way to make money. However, it can also become a complicated business. For instance, you might feel tempted to cut out the middleman and rent the property privately. Avoiding agents’ fees will maximize profits. Yet, going it alone isn’t advisable unless you have a lot of experience. In addition, you must be willing to do some leg work and understand the laws and regulations involved.

Whether you own several properties or are new to the condo rental market, professional help from a renting agent is well worth the effort.

What is a Rental Agent? What do they do?

As a rental agent, my job is to find suitable tenants for a property on behalf of its owner. First, Condo613 and Peter Sagos visit the property to determine its potential rental income. This valuation is free. Once you and Peter agree on the monthly rent, Peter Sagos will enroll you in a listing agreement with Condo613 — Right at Home Realty, Brokerage. As a result, your listing will appear almost instantaneously throughout our vast marketing distribution network.

From one central location, we distribute your listing across the broadest possible global spectrum. Specifically, this includes search engines such as Google, Bing, and Yahoo! It also includes real estate portals like Realtor.ca, Zoocasa and the MLS. In addition, we rely on social networks including Facebook, LinkedIn, X, and Instagram. We take the time every day to ensure our advertising reaches every possible potential tenant.

Peter or agents with Condo613 will show the property to prospective tenants. They will also inform you of any interest shown or offers made. During negotiations, Peter acts as a go-between before a tenancy agreement is signed. For example, the prospective tenant might offer a lower rent or ask for extra furniture.

Once you and the prospective tenant reach an agreement, Peter will provide a tenancy agreement. This legal contract is for both parties to sign. In most cases, Peter Sagos handles everything by phone or email. Therefore, there is no need to visit the property or meet the tenants, although you might want to.

Extra Services

Most real estate agents offer the services listed above. Many also offer extra services, some of which might be included in a basic fee. For instance, Peter offers a tenant cross-check service. This could include taking up references or a credit check on prospective tenants, carried out in-house. Thorough tenant cross-checks are important. After all, the last thing you want is to worry whether the strangers you rented to can pay next month’s rent. Often, this service is either included in the basic cost fee or paid for by the prospective tenant.

Condo613 also offers an inventory check service. Specifically, this is a full list of the condition and contents of the property. We draw it up during an inspection at the beginning and end of the tenancy, in the presence of the tenant. As a result, this should help solve any disputes. For example, it helps if the tenant damaged your curtains or stained the sofa and refuses to pay compensation.

In addition, Peter will offer to collect the rent and deposit on behalf of the landlord. He can also arrange to renew a tenancy when the original period expires. The team at Condo613 can arrange for the property to be cleaned before tenants move in and at the end of the tenancy. Furthermore, Condo613 offers management services. This involves general maintenance and organizing necessary repairs over the tenancy period. In particular, this is useful if you live away from the property. Likewise, it helps if you don’t have the time or inclination to deal with plumbers, electricians and other tradespeople.

With the power of Condo613’s marketing, there will always be an eye on your property.

Contact Peter Directly at 613.276.0059