OKC Home Realty Services

There are various reasons to change your house into a rental property. Maybe you inherited a house and have no plans to live in it. Or you’re moving into a larger home and want to create a passive stream of income for yourself. Whatever the reasons are, it’s crucial to know how to rent out your house before jumping in headfirst. From making your house ready for tenants to educating yourself with rental laws, there’s a lot to understand before you can make the transition from homeowner to landlord. Here’s a quick and easy guide for how to rent out your house. Building Codes and Safety/General Compliance Before performing cosmetic changes or updates, you must confirm that your home is up to code and safe. Both state and native governments have a group of building codes in situ. These codes set minimum safety standards for housing conditions and are mandatory for landlords to abide by. reckoning on where your property is found, these codes may cover maintenance, sanitation, electrical, v

The vacancy is a cash flow killer.  For your Oklahoma City rental to do well, it has to produce rent on a consistent basis. This article talks about the simple way to minimize the vacancy rate for rental property and rent a house fast. And, what we do to reduce rental vacancy rates in Oklahoma City. Ideally, your tenant will NEVER want more from the property. I had a tenant once for 18 years within the same apartment. But that’s definitely not normal. On average, a tenant stays about 3 1/2 years in our single-family homes. And, about 1 1/2 years in apartments that we've leased. What the average vacancy rate would be based on these numbers?  It’s actually not enough information.  It depends on how long it takes to do the make ready for the unit.  And, once the make-ready is done, how long it takes to lease the property . Rent Ready Checklist - Getting A House Ready To Rent Renew Leases: If you have got tenants who are paying their rents, it is smart to renew their leases. In some c