Renting my House - General Suggestions requested
Team
We have decided to rent our house (that we live in) and move to South Bay in CA. We are planning to rent a house there and NOT buy one. Well, thats the discussion I had with Wheatie and Christian. Anyways, have a few questions:
- What are the websites frequented by renters other than Craigslist and Kijiji?
- Is there a website that will give me the fair market rent in our City. www.huduser.org gives only the average so I am not sure what rent amount to quote in our ads?
- We have a 3 bed 1.5 bath 1185 sq. ft. townhouse currently advertised for $1850 monthly rent
- If someone is interested what do we do after credit checks? By that I mean, do you go the title company and request them to facilitate the new tenant process and things - I will be reviewing the docs with my attorney prior to this step that I need signatures from the tenants before we go there
Any other information that may help me renting out our house.
P.S: The reason that we want to rent our house and we in turn renting another house is because:
- At this point we are unable to sell the house as it has depreciated from the value we bought it for
- Some personal requirements needing us to move to the south bay
Any help is highly appreciated. Have a great day.
Cheers
Ram