Do you own a second home in Long Island's Nassau County? If so, we have fantastic news: according to CBS News, a new U.S. News & World Report ranking named it the safest U.S. county. Suffolk County also made it to the list.
With those accolades, more folks, including renters, will likely want to live in Long Island. So, by listing your home for rent, you can attract some of those renters and earn rental income.
If you're unsure where to start, don't worry. PMI Gold Coast Properties is here to share property management advice about listing your home on the Long Island rental market, so read on.
1. Obtain the Necessary Permits
Before advertising your properties for rent, obtain the necessary permits from your local government first. For example, the Town of Hempstead requires securing rental permits before renting out property for 28 days or more.
Another example is the Town of Southampton. According to the town's government, a rental permit is necessary before renting any property for at least two weeks. Two weeks is the minimum; any less than that is against the town's ordinances.
So, before listing your property for rent, review your local laws and, if needed, get the permits. Otherwise, you may face legal issues and penalties.
2. Create Engaging Property Descriptions
After tackling the legal requirements, the next step is to write creative property descriptions. Tell the story behind your property, such as if it has a fascinating history or why you chose to invest in it. Doing so gives life to your descriptions and can make you more "personable" in the eyes of prospective renters.
3. Use High-Quality Visual Aids
One of the most crucial real estate listing tips for landlords is to use high-quality photos and videos to market properties. While you need engaging descriptions when listing your home for rent, you must also back your statements with visual proof. By attaching photos and videos to your rental ads, you can give prospective renters a way to visualize themselves living in your property.
4. Emphasize That You Welcome Pets
If you haven't yet, consider welcoming pets to your rental property. Most Americans have at least one, so allowing them on your property can expand your tenant pool. Plus, pet owners are typically more responsible.
Then, once you create descriptions for your listings, emphasize that you welcome your prospective tenants' furry family members.
5. Start Listing Your Home for Rent
With your legal requirements and marketing materials ready, you can now list your property for rent on various platforms. Some examples are:
- Zillow
- Redfin
- Apartments.com
- Social media sites
Remember that once you list your property, you must make time to respond to inquiries and coordinate showings. If you can't commit to this, consider hiring a property manager to help with tenant placement or full-service rental management.
List Your Long Island Home for Rent Now
Now that you know the steps to listing your home for rent, you can decide whether you can do it yourself or need expert help.
PMI Gold Coast Properties is at your service if you need professional assistance. We're a full-service property management company serving Long Island landlords like you. We can help from the start, including giving you a free rental analysis!
So, call us today, and we'll happily answer all your questions.
