Leasing your luxury home in Los Angeles is a wise way of generating a steady monthly income. Luxury houses in different neighborhoods of LA are in demand since more and more people want to experience a luxurious lifestyle. If you play your cards right, you will be able to find the right tenant for your luxury rental in no time.
However, it is not as easy as it sounds and you will need assistance from a top leasing real estate agent in Los Angeles. Working with an agent will greatly benefit you without wasting any time and effort.
#1 Marketing the Luxury Home
Firstly, you have to get the word out that your place is available for rent. It is essential to make sure you cater to the right target market. Luxury home leasing agents are experienced in marketing this type of rental in a way that attracts the right potential tenants.
They will utilize the appropriate marketing tactics and strategies to advertise your luxury rental. They may take professional photos and videos of the place to add to the listing so that the potential tenants can have a better feel of the place.
Photos and videos of the house are a great way of attracting interested individuals and family. It increases the property viewings and the chances of the interested tenants signing the lease.
#2 Reaching out to the Right Tenants
Aside from the usual marketing techniques, leasing agents have a large network. They are in contact with numerous clients and vendors that are looking to buy or lease a place. Networking is a major part of a leasing agent’s job.
Therefore, it is possible that they may already have some clients looking for a luxury home in Los Angeles to lease. They also usually have a list of contacts that they can send their new available listing too.
#3 Prepping the Place
Once your luxury house for lease is on the market, you will also have to make sure that it is ready for the new tenants. You must make the place homey for them, and your leasing agent can help you with that as well. Ask them for tips and suggestions about how to prepare your property for the tenants. They might suggest doing some minor repairs and décor changes to make it look appealing to the target audience.
#4 Scheduling Viewings with Tenants
The agent will also be responsible to schedule the viewings with interested parties. You won’t have to worry about planning the viewing and coordinating with the potential tenants about the viewings. The agent will set the date and notify the interested tenants. They will also share the details with you beforehand so you can plan other things to do that day to make sure they can comfortably view the place.
#5 Showing the House
Top real estate agent in Los Angeles will not only schedule the viewings but will also show the house to the tenants. They will be there to answer any of their queries and concerns with you having to worry about anything.
#6 Determining the Rent
One of the major things you will have to decide when leasing your luxury home is the rental cost. Your agent will be able to estimate the right rent for your house as per the market value.
They will take into consideration the amenities, features, size, and location of your house and compare it with other similar properties to determine the rent. The aim is to ensure the rent is not so high that you can’t find a tenant and not too low that you suffer a loss.
#7 Conducting Tenant Screenings
This is another crucial thing that you will have to handle with the assistance of the luxury home leasing agent. Since you will be handing the keys of your house to total strangers, you will undoubtedly want to make sure you are handing it to someone responsible.
Conducting screenings of the interested tenants will ensure that all the information they provided checks out, the agent may also conduct a thorough background check. This will give you peace of mind when you select the tenant for your house.
#8 Drafting a Lease Agreement
Lastly, the leasing agent will draft the lease agreement that includes all the necessary clauses and basic rules and regulations. You can pitch in with the terms and conditions you want to include in the agreement. This lease agreement protects both the landlord and the tenants.
If you need assistance for leasing a luxury home in LA, then don’t hesitate to contact Pezzini Luxury Homes. We have the top home leasing agents in Los Angeles waiting to help in finding the right tenant for your luxury home and assist you throughout the process. Dial 1-310-275-2076, and get in touch with us today!