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 an realtor while looking for a rental and for renting out your condo.
Renting out your Condo
1. Your realtor can advertise your condo on MLS to gain exposure to more prospects
2. Your realtor can help you qualify potential prospects by getting credit checks
3. Your realtor can advise you on current rental rates for your property
4. Your realtor can negotiate rental terms
5. Your realtor will collect all post dated checks for you from your tenant
6. Your realtor will facilitate the key exchange
7. Your realtor can get reference letters from the potential tenant for your review
8. 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.
9. Your realtor can guarantee that your tenant receives contents insurance for your property
10. Your realtor can advise you on the Landlord and Tenant's Act if need be
Finding a Rental Property
1. Your realtor can show you privately various properties in the location you desire as they have real time access to the MLS system
2. Your realtor can negotiate price and rental terms to your benefit
3. There is no charge to you for your realtor's service and time
4. Your realtor will facilitate all rental requirements such as credit checks, reference letters and contents insurance
5. Your realtor will facilitate keys and post dated check exchange
6. Your realtor can help you with building a healthy relationship with your landlord
7. Your realtor can advise you on the Landlord and Tenant's Act if need be
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