Shaun Luyt’s Post

🏠 RENTING FOR THE FIRST TIME? HERE'S WHAT YOU NEED TO KNOW! 📝 Entering the rental market can be both exciting and daunting, especially for first-time renters. To help you navigate this process smoothly, here's a step-by-step guide we came across in a recent article on Property24. Being prepared is key to securing your ideal rental property. Here's a breakdown of essential steps: 1️⃣ Know Your Budget: Understand what you can afford by calculating your monthly rental budget. Aim to earn at least three times the rental amount to increase your chances of approval. 2️⃣ Check Your Credit Score: A good credit record is crucial. Ensure timely payments on existing accounts and obtain a free credit report to address any discrepancies. 3️⃣ Gather Documents: Before viewing properties, gather necessary documents such as payslips, bank statements, and ID copies. Be ready to submit a rental application promptly if you find a suitable property . 4️⃣ Pay the Deposit: Once approved, secure the property by paying the deposit promptly. Typically, this amounts to two months' rent plus any nominal admin fees. Having a reputable agent by your side can make all the difference in navigating the rental process smoothly. Renting your first property should be an exciting milestone, not a stressful ordeal. By following these steps and seeking guidance from experienced professionals, you can embark on this journey with confidence! For a detailed guide on renting for the first time, check out the full article on Property24: https://lnkd.in/dQCTqjCH #FirstTimeRenters #RentalTips #RealEstateAdvice #RentingGuide #RentalSphere #RentalAgentTraining #RentalAgentsMatter #RentalAgentMatters 🏡💼

🏠 RENTING FOR THE FIRST TIME? HERE'S WHAT YOU NEED TO KNOW! 📝 Entering the rental market can be both exciting and daunting, especially for first-time renters. To help you navigate this process smoothly, here's a step-by-step guide we came across in a recent article on Property24. Being prepared is key to securing your ideal rental property. Here's a breakdown of essential steps: 1️⃣ Know Your Budget: Understand what you can afford by calculating your monthly rental budget. Aim to earn at least three times the rental amount to increase your chances of approval. 2️⃣ Check Your Credit Score: A good credit record is crucial. Ensure timely payments on existing accounts and obtain a free credit report to address any discrepancies. 3️⃣ Gather Documents: Before viewing properties, gather necessary documents such as payslips, bank statements, and ID copies. Be ready to submit a rental application promptly if you find a suitable property . 4️⃣ Pay the Deposit: Once approved, secure the property by paying the deposit promptly. Typically, this amounts to two months' rent plus any nominal admin fees. Having a reputable agent by your side can make all the difference in navigating the rental process smoothly. Renting your first property should be an exciting milestone, not a stressful ordeal. By following these steps and seeking guidance from experienced professionals, you can embark on this journey with confidence! For a detailed guide on renting for the first time, check out the full article on Property24: https://lnkd.in/dQCTqjCH #FirstTimeRenters #RentalTips #RealEstateAdvice #RentingGuide #RentalSphere #RentalAgentTraining #RentalAgentsMatter #RentalAgentMatters 🏡💼

🏠 RENTING FOR THE FIRST TIME? HERE'S WHAT YOU NEED TO KNOW! 📝 Entering the rental market can be both exciting and daunting, especially for first-time renters. To help you navigate this process smoothly, here's a step-by-step guide we came across in a recent article on Property24. Being prepared is key to securing your ideal rental property. Here's a breakdown of essential steps: 1️⃣ Know Your Budget: Understand what you can afford by calculating your monthly rental budget. Aim to earn at least three times the rental amount to increase your chances of approval. 2️⃣ Check Your Credit Score: A good credit record is crucial. Ensure timely payments on existing accounts and obtain a free credit report to address any discrepancies. 3️⃣ Gather Documents: Before viewing properties, gather necessary documents such as payslips, bank statements, and ID copies. Be ready to submit a rental application promptly if you find a suitable property . 4️⃣ Pay the Deposit: Once approved, secure the property by paying the deposit promptly. Typically, this amounts to two months' rent plus any nominal admin fees. Having a reputable agent by your side can make all the difference in navigating the rental process smoothly. Renting your first property should be an exciting milestone, not a stressful ordeal. By following these steps and seeking guidance from experienced professionals, you can embark on this journey with confidence! For a detailed guide on renting for the first time, check out the full article on Property24: https://lnkd.in/gbCzbBDi #FirstTimeRenters #RentalTips #RealEstateAdvice #RentingGuide #RentalSphere #RentalAgentTraining #RentalAgentsMatter #RentalAgentMatters 🏡💼

🏠 RENTING FOR THE FIRST TIME? HERE'S WHAT YOU NEED TO KNOW! 📝 Entering the rental market can be both exciting and daunting, especially for first-time renters. To help you navigate this process smoothly, here's a step-by-step guide we came across in a recent article on Property24. Being prepared is key to securing your ideal rental property. Here's a breakdown of essential steps: 1️⃣ Know Your Budget: Understand what you can afford by calculating your monthly rental budget. Aim to earn at least three times the rental amount to increase your chances of approval. 2️⃣ Check Your Credit Score: A good credit record is crucial. Ensure timely payments on existing accounts and obtain a free credit report to address any discrepancies. 3️⃣ Gather Documents: Before viewing properties, gather necessary documents such as payslips, bank statements, and ID copies. Be ready to submit a rental application promptly if you find a suitable property . 4️⃣ Pay the Deposit: Once approved, secure the property by paying the deposit promptly. Typically, this amounts to two months' rent plus any nominal admin fees. Having a reputable agent by your side can make all the difference in navigating the rental process smoothly. Renting your first property should be an exciting milestone, not a stressful ordeal. By following these steps and seeking guidance from experienced professionals, you can embark on this journey with confidence! For a detailed guide on renting for the first time, check out the full article on Property24: https://lnkd.in/gbCzbBDi #FirstTimeRenters #RentalTips #RealEstateAdvice #RentingGuide #RentalSphere #RentalAgentTraining #RentalAgentsMatter #RentalAgentMatters 🏡💼

🏠 RENTING FOR THE FIRST TIME? HERE'S WHAT YOU NEED TO KNOW! 📝 Entering the rental market can be both exciting and daunting, especially for first-time renters. To help you navigate this process smoothly, here's a step-by-step guide we came across in a recent article on Property24. Being prepared is key to securing your ideal rental property. Here's a breakdown of essential steps: 1️⃣ Know Your Budget: Understand what you can afford by calculating your monthly rental budget. Aim to earn at least three times the rental amount to increase your chances of approval. 2️⃣ Check Your Credit Score: A good credit record is crucial. Ensure timely payments on existing accounts and obtain a free credit report to address any discrepancies. 3️⃣ Gather Documents: Before viewing properties, gather necessary documents such as payslips, bank statements, and ID copies. Be ready to submit a rental application promptly if you find a suitable property . 4️⃣ Pay the Deposit: Once approved, secure the property by paying the deposit promptly. Typically, this amounts to two months' rent plus any nominal admin fees. Having a reputable agent by your side can make all the difference in navigating the rental process smoothly. Renting your first property should be an exciting milestone, not a stressful ordeal. By following these steps and seeking guidance from experienced professionals, you can embark on this journey with confidence! For a detailed guide on renting for the first time, check out the full article on Property24: https://lnkd.in/gbCzbBDi #FirstTimeRenters #RentalTips #RealEstateAdvice #RentingGuide #RentalSphere #RentalAgentTraining #RentalAgentsMatter #RentalAgentMatters 🏡💼

DepositPass' advice to tenants. #innovation #techstartups #investment #insurtech #proptech #deposit #rentaldeposit #fintech #realestatetech #rentalproperty #advice

🏠 Looking for tips for renting? Check out our latest guide with practical advice to make renting stress-free! Plus, discover how DepositPass eliminates upfront cash deposits, helping tenants save money and giving landlords peace of mind. 💸 #TipsForRenting #RentSmarter #DepositPass

Rental arrears is one of the worst nightmares of a property owner How can one manage or avoid such a setback? 1.Effective communication with the tenants, offtenly tenants get reluctant to fulfill their rental obligations. A constant communication with the tenant is very vital. (Out of sight out of mind). On the other hand make sure to maintain mild relationships with a tenant not too close not hostile. 2. Include special lease agreement clauses such as late rental payment penalties. Make sure rental arrears should not exceed more than two months. It is often difficult for a tenant to clear so many months rent especially high cost properties. 3. Keep track of rental payments. Make sure to keep track of your tenants date of payment and last payment made. This is made easy using property management softwares, or hiring a property manager, if you are a property owner. 4. Consider reasonable payment plans. Oftentimes tenants might face liquidity challenges, the best way to strike a balance is to accept partial rental payments so as to avoid large sums of rental arrears. 5.Avoid having very long leases, have at least one year lease agreements , which a subject to renewal. This will give you an allowance to change the tenants if they have been defaulting in their rental payments. (Familiarity breeds contempt) #zambiarealestate #builtenvironment #propertyinvenstment #leasing #topshelfrealtor #oaktreerealestate #ziea

Is 2024 the year you finally buy a rental property? In this new blog post, I break down the 10 Steps to buying your first rental property. 👉 Setting Goals & Budget 👉 Property Selection Criteria 👉 Picking a Target Market 👉 Finding an Agent 👉 Getting Pre-Approved with a Lender 👉 Analyzing Deals & Making Offers 👉 Conducting Inspections 👉 Interviewing Property Managers 👉 Closing 👉 Renting The Property Check our the the full post here: https://lnkd.in/g7Z3pMFa

The World is Your Portfolio, Make #Money as a #Landlord Anywhere.. . . . . . . . . . . . . . . . . . Being a landlord can indeed be a lucrative side #business, offering #passiveincome and potential long-term #wealthaccumulation. #linkedinforbusiness #businessopportunities You can harness the potential of being a landlord as a profitable side business, in locations of importance around the world thus: #lagosproperties #abujarealestate 1. Invest in properties located in areas with high demand such as major cities, #tourist destinations, or near universities. These locations tend to have steady rental demand and potential for property appreciation. #capitalappreciation #lekkihomes #lagosrealestate 2. Choose properties wisely by considering factors like rental yield, potential for appreciation, maintenance costs, and the local rental market trends. Conducting and consulting property experts like Bisi Olabode FIMC, CMC with due diligence before making any investment is key to #capitalappreciation on the long-term. 3. Planning for the long term by building a diversified portfolio of #rentalproperties and reinvesting #rentalincome into acquiring additional #properties or paying down existing mortgages to accelerate #wealthaccumulation is germane. 4. Now, you must decide whether to manage the property yourself or hire a professional #propertymanagement company. While self-management saves costs, it requires time and effort and understanding of the laws and regulations governing landlord-tenant relationships in your target area. A property management company like AheadWey Company Ltd in #lagosnigeria can handle tasks like tenant screening, rent collection, and maintenance for a fee. • Screen potential tenants rigorously to minimize the risk of rental defaults or property damage. • And also conduct background checks, verify important details for both legal residential and commercial tenancy. #nigeriarealestate NB: Property manager will always keep you informed on updated market trends, rental regulations, and #investmentstrategies for best income 5. While #rentalincome is enjoyable, many landlords forget to keep track of rental income, expenses, and levies associated with your #rentalproperties. You should consider setting aside a portion of the rental income for #maintenance and unexpected expenses. 6. Regular maintenance and timely repairs are essential to keeping the property in good condition and attract quality tenants, helping the #investment to address tenant complaints and repair requests promptly, to maintain tenant satisfaction. 7. Obtaining #insurance to protect your property against damages, accident, and loss of rental income is usually overlooked but very essential. 8. Have an exit strategy in place, whether it's selling for a profit, refinancing, or passing it on to heirs. #linkedinconnection Flexibility and adaptability are essential in the ever-changing #realestatemarket.