Did you know that your beautiful house or apartment can bring in a significant amount of money this summer? By turning your home into a chic, cozy vacation rental, you could supplement your income and pay off a second home, or get some extra change for that dreamy holiday that you’ve always had in mind. If your number-one priority is to convert your current residence into a fabulous property that could please even the pickiest vacationers, here are a few aspects that you should analyze to accomplish your mission and eliminate any risks associated with a lease. Take Precautionary Measures First of all, make sure that renting out your home is legal. Reread your mortgage agreement very carefully; when in doubt, discuss this matter with your trusted lending agent. As a renter, you should also ask your landlord for permission and analyze contractual clauses related to subletting. Next, figure out if you’d like to rent out your entire property, or just a few rooms, and make a plan based on this decision. For starters, buy landlord insurance or upgrade your existing policy to avoid any future claims/damages caused by tenants. Make sure you meet all safety equipment requirements for rental properties. Ensure that fire extinguishers, fire and smoke detectors and other types of safety equipment are fully functional and easy to access. Reorganize Your Living Spaces Next, take a good look around and explore the simplest and most convenient methods to clean, de-clutter and neutralize your living spaces. Rent a Phoenix storage unit and use the extra space to deposit old furniture, decorations and appliances that your tenants may not find useful. Also, you could leave some of your most valuable personal effects inside your rented room, to prevent theft and incidents of vandalism. If you can afford to invest a little bit of money in a home makeover project, consider opting for professional cleaning and landscaping services, and restyle your environment with help from a professional decorator. If you’d much rather use your own skills and talent to get these jobs done on a budget, buy or rent the tools required to boost the curb appeal of your house and beautify its indoors. Remember that you could always store bulky equipment and supplies, such as lawn mowers, shovels, ladders and toolboxes inside a Phoenix storage unit, to prevent clutter inside your permanent or temporary residence, and make more room for potential tenants. Get the best deals on self storage from US Storage Centers, check out the monthly specials promoted by your favorite storage facility and reserve the unit you like best over the internet. US Storage Centers 1201 East Cinnabar Avenue Phoenix, AZ 85020 (602) 842-0456
