We initially bought our apartment with the aim of staying there. It was in the perfect location, near to two huge shopping centers, school and other amenities. However, we later changed our mind and started looking for a tenant. We thought that the rental would at least pay part or all the mortgage.
We had thought that this would be an easy task but turned out to be a nightmare. We advertised in the local newspapers and on a few discussion groups as well as on my blog. Even though we had a lot of people calling up and even a few views, we were not able to secure any tenant. I guess we were a bit choosy as most of the people who called up were students and we had decided right from the start that we would only rent out to working professionals. This went for a few months, which meant a loss of potential income and a house lying empty. We were wondering whether our investment had become a white elephant. We had a house we were paying for but it was empty.
In the end we had no choice but to contact an estate agent. They were professionals and almost immediately found a tenant for us. We were not really happy with the rentals as we had expected more but had no choice as we were leaving for the UK soon. The estate agents handled everything and we were quite happy with them apart from the fact that they took two months rental plus some extras as their fee.
If you currently have a place to rent out, you don't have to go through the same mistakes we made. Just go over to Rentals.com and find quality tenants. This site is said to be the most comprehensive rental / apartment listing database in the world. With over 3 million potential renters searching the site every month, I guess this claim is true.
Rental.com is an extremely cost effective solution for advertising your place. The Standard Listing is only $39 monthly. On the other hand, a Featured Listing costs only $59 per month, while the Premier Listing is $99 per month. Signing up is a breeze, taking only 4 steps to complete the whole process.
They offer some great extras as well. You can order a FREE custom-made yard sign with every ad placing on the site. Plus every listing comes with a 30-day money-back guarantee so that if you are not satisfied with their service, they will refund back your money. Check out the site for more info.