How to
Should You List Your Property As An Entire Unit
Aug 2, 2023
•
Maurine Njunge
Now that you're prepared to list your property on the rental market, you have two primary options to choose from: Entire Unit or Individual Rooms. Before you make your decision, ensure that you have high-quality images of the property readily available. Additionally, details such as the square footage of the home, as well as the utilities and furnishings included, are crucial for potential tenants.
Listing a Property as an Entire Unit
When you opt to list your property as an entire unit, the space will be exclusively used by the student tenant(s) under a single lease agreement. This option is perfect if you're renting out a house, apartment, basement suite, or townhouse. Keep in mind that since the entire property is covered under one lease, you can only accept one application for the property.
Rent by Individual Bedrooms
If you go with the "Individual Rooms" option, you'll select "Add a room" during the listing process. This choice is suitable for property owners who reside in the same unit or for properties that will be shared by multiple students. Each room will have its own separate lease, allowing you to:
Price each room individually
Rent out each room separately
Manage individual lease agreements for each room
This approach provides flexibility for both you and your potential tenants, making it easier to manage your property and maximize your revenue.
Whether you choose to list an entire unit or rent by individual bedrooms, remember that transparency is key. Provide as much information as possible to attract the right tenants and ensure a smooth rental experience for everyone involved.
Now that you're prepared to list your property on the rental market, you have two primary options to choose from: Entire Unit or Individual Rooms. Before you make your decision, ensure that you have high-quality images of the property readily available. Additionally, details such as the square footage of the home, as well as the utilities and furnishings included, are crucial for potential tenants.
Listing a Property as an Entire Unit
When you opt to list your property as an entire unit, the space will be exclusively used by the student tenant(s) under a single lease agreement. This option is perfect if you're renting out a house, apartment, basement suite, or townhouse. Keep in mind that since the entire property is covered under one lease, you can only accept one application for the property.
Rent by Individual Bedrooms
If you go with the "Individual Rooms" option, you'll select "Add a room" during the listing process. This choice is suitable for property owners who reside in the same unit or for properties that will be shared by multiple students. Each room will have its own separate lease, allowing you to:
Price each room individually
Rent out each room separately
Manage individual lease agreements for each room
This approach provides flexibility for both you and your potential tenants, making it easier to manage your property and maximize your revenue.
Whether you choose to list an entire unit or rent by individual bedrooms, remember that transparency is key. Provide as much information as possible to attract the right tenants and ensure a smooth rental experience for everyone involved.
Now that you're prepared to list your property on the rental market, you have two primary options to choose from: Entire Unit or Individual Rooms. Before you make your decision, ensure that you have high-quality images of the property readily available. Additionally, details such as the square footage of the home, as well as the utilities and furnishings included, are crucial for potential tenants.
Listing a Property as an Entire Unit
When you opt to list your property as an entire unit, the space will be exclusively used by the student tenant(s) under a single lease agreement. This option is perfect if you're renting out a house, apartment, basement suite, or townhouse. Keep in mind that since the entire property is covered under one lease, you can only accept one application for the property.
Rent by Individual Bedrooms
If you go with the "Individual Rooms" option, you'll select "Add a room" during the listing process. This choice is suitable for property owners who reside in the same unit or for properties that will be shared by multiple students. Each room will have its own separate lease, allowing you to:
Price each room individually
Rent out each room separately
Manage individual lease agreements for each room
This approach provides flexibility for both you and your potential tenants, making it easier to manage your property and maximize your revenue.
Whether you choose to list an entire unit or rent by individual bedrooms, remember that transparency is key. Provide as much information as possible to attract the right tenants and ensure a smooth rental experience for everyone involved.