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605 N Michigan Ave, 4th Floor, Suite 437, Chicago, IL 60611

©2019 Kaveh Jafarabadi

Landlords Guide

Exceeding Expectations

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Decide

  • Discuss the decision of renting your property, with the family and all other decision makers.

  • Make sure everyone is on the same page with you.

Consult with Your Broker

Once you've made the decision, it is time to bring the subject to a professional real estate broker.  A broker can:

  • Lay out an action plan and ensure your property is rented accordingly in a timely manner.

  • Create a suggestion list for the property  improvements that would have a positive impact on the rental value of your property.

  • Perform a price analysis and suggest a listing price to you.

  • Help you find legal, tax, wealth planning and other professionals.

  • Facilitate showings, price negotiations, walk through and closing.

Prepare

  • Follow your broker’s To-Do list

  • Prepare the documents required for listing the property.

Emotions

  • Emotions will cause landlords to make decisions that could cause regret afterwards.

  • Make sure before making any decisions, and approving or rejecting any offers to consult with your real estate broker. Your broker can see through an expert lens and could offer you valuable suggestions.

Flexibility

  • Willing to show some flexibility, projects your positive approach and would often be appreciated by tenants and encourage them to respond in the same manner.