According to BestPlaces.net, Lake Villa, IL, has a cost of living 3% lower than the U.S. average. Here, utilities, groceries, healthcare, and the median price of homes are lower. So, while rent, transportation, and personal miscellaneous expenses cost more in this village, it's still an affordable place to rent and live.
So, if you own a property in Lake Villa that you don't occupy, why not rent it out with the help of professional tenant placement?
Join our property management experts at Grand Realty Group, Inc., as we explore the benefits of such landlord services in this guide.
1. Compliance With Housing Laws
In Lake Villa, IL, landlords must abide by many complex laws, starting with the local Code of Ordinances (Title 10-4-5-3: Home Occupations). NSBAR.org also lists numerous Illinois laws governing landlord-tenant relations.
Another law to comply with is the federal Fair Housing Act. It bars discriminatory housing practices, including those for rental properties.
If you were to rent your property and screen tenants yourself without understanding those laws, you could risk violating them. Housing violations can result in legal battles, penalties, and hefty fines.
Avoid those risks by hiring professional tenant placement services. As experts, they understand and abide by all laws surrounding screening and moving tenants into your property.
2. Enhanced Property Marketing
The primary goal of professional tenant placement is to place high-quality tenants in your property ASAP. To achieve this, they "build up" your property's reputation and visibility, marketing it online with strategies like:
- Staging your home
- Updating listings to reflect current market values
- Creating engaging property descriptions
- Uploading professional photos and videos
- Responding to prospective tenant inquiries
- Coordinating viewings
3. Fair but Comprehensive Tenant Screening Practices
Comprehensive tenant screening involves multiple background checks that can help you gauge whether someone is a "good" or "bad" tenant. If you partner with us at Grand Realty Group, Inc., you can rely on our thorough and compliant screening process, which includes the following:
- Credit checks
- Employment verification
- Eviction history checks
- Criminal history checks
We also call each prospective tenant's previous landlord. During these conversations, we ask about the tenant's behaviors, such as whether they were responsible renters or the subject of many complaints.
4. Minimize Risks of Evictions
Non-payment of rent, lease violations, and criminal activities are all valid grounds for evicting tenants in Lake Villa, IL. Therefore, knowing whether an applicant has a history of doing such can help you make more informed decisions.
For the same reason, professional tenant placement services can help lower your odds of evicting renters since they dig deep into tenants' qualifications and backgrounds.
Find Quality Renters With Professional Tenant Placement
Professional tenant placement can help you find responsible, trustworthy tenants you can rely on to pay rent on time. It can also help save you from the stress of memorizing housing laws or dealing with evictions.
So, why not partner with our property management company, Grand Realty Group, Inc., today? We offer one-time resident placement services, but if you wish to make your life as a landlord as simple as possible, consider our full-service solutions. Our team members have decades of real estate and property management experience, making them highly qualified to handle your Lake Villa, IL, property.
Connect with us today to learn more about what we do and request your complimentary property analysis!
