HOW TO PROPERLY PREPARE YOUR PROPERTY IN MAURITIUS FOR RENTING
Category Investment
Are you considering renting out your property in Mauritius? Here are some useful tips to follow.
Prepare your home like it's going to be featured on television.
THINGS TO DO -
Make the home livable by decluttering and removing any valuables.
Put a fresh layer of paint on the walls.
Check/replace heating and air conditioning filters.
Clean windows.
Fix anything that is broken.
Check that all appliances are working.
Have the carpets professionally cleaned.
Spray for pests.
FINDING A GOOD TENANT
In a perfect world, a tenant could rent your home, never do any damage, and you'd never have to think about the property again. Even the best tenants can damage property. The key is clearly to find a good tenant, which is easier if you go through RE/MAX 24 Mauritius.
Most owners miss a step or two in vetting prospective tenants. They may find great tenants, but they don't have the resources to do a vetting process like an estate agency would. It's the biggest complaint we see from owners who hire us after trying to manage their own properties.
WE TAKE CARE OF - rental history, references, background check, deposit & inventory. If you like having things done for you - and let's get real, who doesn't? - then call RE/MAX 24 Mauritius.
UNDERSTAND POTENTIAL RED FLAGS
When you rent out your home you're risking property damage. You're also still the homeowner and responsible for any maintenance as well as the syndic fees. You can protect your property through your lease and insurance, but accepting that your home may not look like it does when you leave it is a necessity
THE VALUE OF A PROFESSIONAL LEASE
A well worded comprehensive lease is extremely important.
Things to consider in advance:
Will you allow pets, and if so, will you require a pet deposit?
Do you want to include garden and pool maintenance?
What utilities is the tenant is responsible for?
Is there more than one signatory in case the first person on the lease disappears?
A clause that gives you access to do quarterly / yearly inspection / maintenance checks?
Do you plan on short term letting by renting your home on sites like Airbnb or VRBO. If so, do your research and be sure you're abiding by the tourism guidelines for short-term renting, check the fine print - short term management companies don't always take responsibility for this.
Insurance: Once you're renting your home rather than occupying it, touch base with your insururer regarding your policy. Does turn into a renters' policy? For short term letting - do you need public liability insurance? For long term letting, you may also want to consider ensuring that your tenants have insurance.
Lastly, and by far the least exciting part about renting your home, is the big E-world, EVICTION. Educate yourself on procedure for evicting tenants.
At the end of the day, using a professional company like RE/MAX 24 Mauritius will be more convenient, and we have the resources to be sure you and your home are protected.
Author: RE/MAX 24