Renting your property, whether it is owned as an investment or as a residence, is a major commitment. Your Bermuda Property Link agent will guide you through the process and help you maximize the return on your property by finding a qualified and reliable tenant.
Some factors to consider before putting your property on the market are:
Will you be renting your property furnished or unfurnished? Are you providing utilities such as electric, water and cable? Is your property advertised at the correct price if under rent control? Will you allow pets? (Check your building’s condo rules, as they may restrict tenants from having pets.)
These questions will affect the pricing of your property. So will the condition of the property; ensuring that your property is move-in ready will help you achieve the highest rent. With our knowledge of the local market, including comparable properties for rent in the area, the potential demand for them, and the rental prices being achieved, we are able to help you determine what the current market rent for your property should be.
Bermuda Property Link Ltd. will help streamline the rental process, marketing the property in both print and digital media to ensure exposure to the largest possible qualified audience. We will schedule and conduct viewings with prospective tenants and provide you with valuable feedback. We will negotiate on your behalf with prospective tenants. From application to lease signing we will be there at every stage to ensure a seamless process!
You should also be aware that, when renting out your property, you will be subjected to the following fees:
• Broker commission of one month's finders fee
• Half the cost of stamp duty for lease agreement
There are many factors to consider and guidelines to know when renting your property. By working with Bermuda Property Link, you will have the best experts in the field advising you every step of the way. We get the job done, fast, efficiently and professionally; call us today at 441-704-6212!
