Renting Tips
Been doing it for 8 years. All good tips. Generally I collect a security deposit equal to 50% of the rent which is refunded within a few days after they depart. I also collect a cleaning fee. I use to return it if the renters left the place as clean as they found it. However it was inconsistent so now I just pay a cleaning lady to check and clean before the next guests arrive. Also I learned that if someone cancels a prime week too close to their arrival date it is much harder to find a renter once July comes around, so I now require payment of the deposit and fees within 15 days after the contract is sent with the remainder due 6 weeks before the arrival date. I find this brings in good quality renters who appriciate my place when I am not there.
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