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Rental House Warning Signs

 August 26, 2014  /  Comments Off on Rental House Warning Signs

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Preparing to move means that you have a lot of options staring directly at you, and some of them involve exactly where you want to live. Choosing to rent a house provides a lot of space while still allowing you to retain some financial freedom, but you want to watch out for these potential problems.

Rental House Warning Signs

Illegal Rentals

Many people opt to rent illegally because they find that it saves them money. However, in the long-term, these rentals can cause you a headache on top of the moral and ethical dilemma they provide. If the rental is discovered, you might find yourself in-need of a new home in a short amount of time. Furthermore, you could have a more difficult time getting things done around the house.

Since the rental is illegal, both you and the owner are probably less likely to take any situations to a higher authority on the matter.

Far-Away Owners

Some people purchase vacation homes that they rent out for the majority of the year. Taking up a long-term rental in such a space can provide you with an excellent location, but it can mean that you have trouble getting in-touch with the owners if a problem manifests on the property.

In the event that you are renting and the owner is not local, ask if a property manager exists or if someone comes to take care of the house on a regular basis. Otherwise, you could find yourself in an unpleasant situation.

Shared Living Space Situations

Before you agree to a rental house, make sure you fully know the situation. For example, some rental houses have a number of floors in them, so you could have multiple families living in the same house. You want to make sure that the house is approved for this type of arrangement, and you also need to see if any of the living spaces are shared. Some homes might have fewer bathrooms than the number of families, and you could be require to share with other people.

You need to decide if you are okay with this. Carefully read the listing to ensure that you are getting exactly what you want, and employ the assistance of a real estate agent.

Not Up-to-Code

Endangering the lives of your family members and pets is not worth it no matter how otherwise appealing the home might seem. Ensure that the building is up-to-code in all terms of health and safety. Failure to do so means that you are putting yourself and your loved ones at a risk. If the house is not up-to-code now, you have no real assurance that the owner is going to take the time to do so in the near future.

Unclear Policies

Rental homes are going to have policies. However, if they are not clean, then you won’t really be able to tell if you are following them or not. For example, you want to know if you are allowed to have pets and how many and what kind, what happens if a partner starts living with you, if you are entitled to spending any time in outdoor areas on the property and so forth. Unclear policies could absolutely mean trouble for you in the future.

Working with a reputable real estate agent will help you work through these issues and others that appear when you want to rent out a house or part of a house.

Tulsa Property Managers is a Jenks property management company offering professional property and real estate management, consulting and sales services throughout the Jenks and Tulsa, Oklahoma area.

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  • Published: 3 years ago on August 26, 2014
  • Last Modified: August 26, 2014 @ 6:04 am
  • Filed Under: Other

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