RentalsWorldwide.com: Long-term Rentals Guide
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RentalsWorldwide.com offers a platform for landlords to list their long-term rental properties directly to tenants, eliminating agent fees and allowing for greater savings. Property owners can showcase their listings with detailed descriptions, photographs, and flexible pricing while complying with local regulations. The service promotes direct communication between landlords and tenants, facilitating a better rental experience.
RentalsWorldwide.com: Long-term Rentals Guide
- 1. Long-term A Guide to Listing Your Long-term Rental RENTALSWORLDWIDE.COM STAY . LIVE . EXPLORE
- 2. Today Join Our Global Community Today RENTALSWORLDWIDE.COM RENTALSWORLDWIDE.com is home to over 250,0000 vacation rental properties, more than 140,000 hotel listings worldwide plus a growing community of landlords listing their long-term rental properties to potential tenants. With rental demand growing in major centres around the world we present a unique platform to reach potential tenants without engaging a real estate agent. Advertising your property for rent is a simple online process. You will receive your enquiries directly. We do not charge a commission or agent fee and that means great savings by Going Direct. You may also list your property For Sale at the same times as you advertise for rent. No agent fees, no commissions, just great savings. All property owners are ID verified by passport, driving license or ID card. In this way, we offer a secure community and that helps build trust for potential tenants. Rent your place DIRECT to long-term tenants
- 3. Started Let’s Get Started RENTALSWORLDWIDE.COM First impressions always count when it comes to advertising a rental property. Communicating the unique features and benefits of your long-term rental is the key to attracting tenant enquiries. You will be able to create your own headline, description and select from a very comprehensive list of standard property features. You may also highlight the suitability of your property such as child friendliness, wheelchair access and if pets are welcome. Your monthly rate, security deposit and advance rent requirement can be included in the listing and the choice of currency is flexible. To apply for membership you will need to have ready your property information, some great photographs, your passport, ID card or driving license and either a Paypal account or credit card. Showcase your property in the best possible way in less than 15 minutes. Uploading your rental property is a simple process
- 4. Simple Keeping The Process Simple RENTALSWORLDWIDE.COM Renting your property should be a potentially profitable business and as with all businesses, there are a number of factors to consider. Making sure that your property is presented in the best possible way and described fairly and accurately, so that you attract the right tenant, obtain a fair market rental rate, are important factors to consider. You also need to make sure that you conform to all local and national regulatory requirements and comply with the law. If you are unsure, you should advice. At RentalsWorldwide, we believe that presenting your property in the best possible way is critical for attracting enquiries and finding a tenant. Keeping your costs down is critical to your pocket – which is why, for long-term rentals, we not only empower you but save you money on agent commission fees. You can even list your rental property “For Sale” at the same time as advertising it for rent. List your property For Sale as well as Rent
- 5. Involvement Decide Your Own Level Of Involvement RENTALSWORLDWIDE.COM Renting your property yourself can be a very satisfying and rewarding experience and besides, no-one knows your property better than you! With RentalsWorldwide, you now have the ability to save yourself a considerable amount of money on agent commission fees and advertising, all for a small amount of personal time and involvement. You will also have complete control and will be able to establish a direct relationship with your tenants. No Lease Agreement? If you do not have a standard English language lease agreement to sign with your new tenant, you can simply download one from your control panel and, if appropriate for your location, you can complete the details directly with your tenant. Of course some members may find the tenant directly and pass this their agent by negotiating a lower commission fee. Invest a little personal time to save money
- 6. Home Prepare and Showcase Your Home RENTALSWORLDWIDE.COM Your property may well be furnished and ready to rent, however it is worth keeping in mind that some very simple points can make a difference in securing a tenant. Basic household items such as kitchen equipment, fridge/freezer, washing machine, hot water, air-conditioning, heating and TV’s should all be in good order. Tenants will look for signs that the property has been well maintained and is clean. Make sure that the driveway and entrance areas are tidy. Keep the heating or air-conditioning on to make the space comfortable. Make minor repairs and remove any garbage. Offer as much information on your property and the local area as you can – schools, shops, transport, parks and restaurants. You should try and make the tenants feel at home. Do not overlook compliance and safety requirements. The property must meet any regulations, safety compliance and any licensing requirements before you advertise to rent. Please seek advice if you are unsure. Showcase your property in the best way possible
- 7. Advert Putting Together a Winning Advert RENTALSWORLDWIDE.COM At RentalsWordwide.com we believe in bringing a highly professional approach to advertising your long-term rental property. With large format images, unique property headline and full description together with a well structured and complete check- list of features, we ensure that nothing is overlooked in bringing your property to life. By understanding that potential tenants look for different information within your advert, it is important make your description and photographs as strong as possible. A winning advert draws attention and attracts enquiries and that means a potentially improved rental return. Show great pictures and as much information as possible
- 8. RENTALSWORLDWIDE.COM It is important to take time for photographs. They can present your property better than any words. This is important as most people are visual by nature. Interesting photographs are likely to engage with the tenant’s attention. Here are a few tips to help take the best photographs: - Prepare you property and choose a clear bright day, preferably with morning sun. Turn off any TV or computer displays, prepare the rooms and remove any unsightly objects. Do remember to take photographs of any special features. Try to avoid people in general photographs. - Use natural light and shoot away from the windows to avoid exposure issues. If you require additional light, use the interior lighting but try both with and without the lights on and select the best results. - Never display dark or cluttered images. Correct any photographs using simple editing software on your computer and choose the best results. - Make sure you have good exterior shots of the property and any views. - Showcase your rental property with up to 25 photographs Simple editing can make a photo stunning 1000 Words A Great Photograph is Worth a Thousand Words
- 9. Rental Rate Advertising With The Right Rental Rate RENTALSWORLDWIDE.COM Much in the same way as a great description and photographs attracts positive attention, the same detail should be paid to your published rental rates. It is important that the property is not priced too high or too low and as such, it is worth spending a little time to research comparative rates for similar properties in the area. Many rentals properties are also for sale with tenants. We are the first rental portal that supports members to advertise their property for sale on their rental listing. Take direct enquiries, make a deal and pay no commission to us when you sell. The key to negotiating the final rentals rates is to be friendly and flexible within your limitations. Simply rejecting a good offer without discussion may cost you more in lost income over the coming weeks or months should the property remain unoccupied. Target local and expatriate tenants in cities around the world
- 10. Enquiries Responding to Your Enquiries RENTALSWORLDWIDE.COM When a potential tenant makes an enquiry, they will contact you directly through the enquiry system to your account. You will also be alerted by email. The tenants and your email will not be disclosed until such a time as you both agree to share your contact information directly. Our advice is to always respond to tenants on the same day as you receive the enquiry to improve the chances of a successful appointment. Always include as much information as the tenant may have requested. Responding to enquiries presents an ideal opportunity to get to know each other and establish an early relationship. Your tenant will likely want to view the property, so provide clear meeting point instructions when arranging a viewing. Receive and manage your enquiries through your control panel
- 11. Tenants Meeting Your Potential Tenants RENTALSWORLDWIDE.COM Meeting with your potential tenants should be a positive and friendly experience. Be prepared for the meeting with a Letter of Intent or similar document and a draft Tenancy Agreement. You may want to prepare your own, but a sample in English is provided on your control panel for your convenience. Show the benefits of the property and listen for feedback. Be clear and flexible, within your limits, to any requests as this will influence the tenant decision making process. Clarify the rental rate and the responsibility of each party towards the security deposit, notice periods and bills. Having now shown or given the details of your property and explained the features and benefits, you can simply ask for a decision and agree. Renting your own place can be a rewarding experience
- 12. Payments The Tenancy Agreement Deposit & Payments RENTALSWORLDWIDE.COM As soon as you have signed a Letter of Intent and prior to signing the Tenancy Agreement, you should take an agreed non- refundable deposit to remove the property from the market. You will also need a copy of the tenant’s ID and any references. Upon signing the Tenancy Agreement, you should secure the advance rent and a security deposit. Often the non-refundable deposit will be converted to become the security deposit. You should provide a receipt and provide your bank details to the tenant for the ongoing rent payments. Registering a Tenancy Agreement may be required in some territories and quite often this is a simple on-line process. In other territories, the deposits may be held by a regulated or approved entity and again these are generally easy online procedures that take just a few minutes to complete. If you are unclear, check online or with your local authorities to ensure that you are following the correct process for your territory. Rent out your place at home or abroad
- 13. Tenants Preparing For Your Tenants RENTALSWORLDWIDE.COM Now you are ready for your tenants to move in. The following are a few pointers and reminders to help with a successful transition. - Make sure the property is clean, any repair work and servicing has been completed. - Remind your tenants to arrange for the transfer of utility bills to their name and take a meter reading. - Explain how to operate any systems such as security alarms. - Prepare the key sets. - Prepare and together with the tenant review and sign the inventory list. You can download a useful starter list to help you from your control panel. Each party should keep a signed copy. You may like to take photographs to avoid any future disputes. - If there is any damage to the property, fixtures or fittings, then this should be noted and countersigned by both parties. - Confirm you have a copy of your tenants official ID. Let the tenants settle in. A new place, a new experience
- 14. Factors Key Success Factors RENTALSWORLDWIDE.COM RentalsWorldwide enables members to Go Direct, reach a wide audience and and save on agent commission fees. Our service is simple and the savings can be considerable. Here are a few tips to help with your success. - Take great photographs and write a captivating description of your property. - Be timely when responding to enquiries - Keep accurate records of the tenancy throughout the period - Maintain a good relationship with your tenants - Resolve any potential problems early - Insure your property - Maintain the property throughout the tenancy - Ensure that you comply with all local regulations Find a place around the world
- 15. Membership Opening An Account & Enjoy Membership RENTALSWORLDWIDE.COM Opening an membership account to advertise your long-term rental property is a simple process. Just click the “List Your Property” button, complete your registration details and select “Long-term Rentals”. Uploading your property details is simple and secure. The annual membership fee can be paid once annually or in monthly instalments for 6 months. To ensure that the community listings remain up to date, you will be asked to extend your listing after 6 months for a further 6 months at no charge. If you have rented your property already, the listing will expire naturally. If you own or manage six properties or more, you may contact us directly and a specialist will assist you with recommending a suitable preferred membership plan. Let’s get started! Just click the “List Your Property” icon now to list your long-term rental property. Become a Member and list your property for rent
- 16. RENTALSWORLDWIDE.COM Registered Office: The PHILLIPS Group Pte Ltd 8 Robinson Road | ASO Building | #06.00 | Singapore | 048544 All rights are reserved. No part of this publication may be reproduced, distributed, or transmitted in any form or by any means. This includes but is not limited to photocopying, recording, or other electronic or mechanical methods, without prior written permission of The PHILLIPS Group Pte Ltd. The PHILLIPS Group Pte Ltd have made every effort to ensure the accuracy and completeness of the information contained in this brochure and we assume no responsibility for errors, in accuracies, omissions, or any inconsistency herein. Any likeness or similarity to people, places or organisations is unintentional and purely coincidental. Local rules and regulations vary by country. Be sure to check with your local authorities before listing or renting your property long- term. Always refer to our Terms & Conditions and Privacy Policy on our website. Copyright © 2014, The PHILLIPS Group Pte Ltd EXPLORE STAY . LIVE . EXPLORE WELCOME TO OUR RENTAL COMMUNITY