If you are like a lot of American homeowners who, in the wake of the down market last year decided to give up on selling your home and instead put it on the rental market, you’ve probably got a lot of questions about what might be legally expected of you as a landlord.

You’ll likely be doing a host of new chores as a land lord, from collecting rents, making repairs, vetting prospective tenants, and sometimes dealing with the nasty aspects of eviction and property damage.

If you’re in Minnesota, you may want to enlist the services of one of the most reputable property management companies in your area, one that, for a fee, will handle many of these aspects of renting out a home for you, including providing a thorough MN tenant screening process to make sure your home is occupied by folks you can trust to pay the rent on time and take care of the home as if it were their very own.

You can expect to pay between five percent and six percent of the gross income from the property to these service providers, but the fees often quickly pay for themselves over time and often include a support system of reputable contractors, maintenance crews and other vendors who can keep your home in tip-top shape.

This entry was posted on Sunday, February 1st, 2009 at 11:19 pm and is filed under Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.