The expert gave advice on how to prepare an apartment for rent
Renting an apartment is a great opportunity to earn passive income. In addition, interest in rental housing continues to show strong growth. Nikita Tyrin, Director of Sberbank Insurance Projects, told Izvestia on March 6 about how to ensure the safety of rental real estate and minimize risks.
According to Domclick, Novosibirsk became the leader in terms of supply in this market with a share of 11.4%, followed by Moscow with an indicator of 10.5%. Kazan closes the top three, with a market share approaching 7%. St. Petersburg, despite its status as a major metropolis, remained outside the top three with a share of 5.8%. The situation in the short-term rental market is somewhat different. Moscow (8.4%), St. Petersburg (5%) and Novosibirsk (4.9%) are the leaders here.
To prepare housing for rent, the expert advised to make repairs and get rid of unnecessary things, if necessary.
"Leave only what you really need for a comfortable stay — furniture, household appliances, electronics, dishes, as well as other functional things that tenants will need in everyday life. At the end, be sure to do a general cleaning or call a cleaning service," recommended Tyrin.
In addition, he advised to check the condition of plumbing, electrical wiring, plumbing and other potentially dangerous elements, especially for apartment owners in the old housing stock. Tyrin also recommended that you take out housing insurance.
"The insurance policy will help you avoid unforeseen expenses in case of various incidents, including if your property or the tenants' property is damaged due to your fault. The insurance company will provide compensation, and you won't have to waste time on unpleasant conversations and showdowns. However, it is important to notify her in advance that the apartment will be rented out in order to avoid denial of compensation in the event of an incident," the expert said.
Tyrin also urged not to neglect the lease agreement. For the owner, the contract serves as a guarantee of regular receipt of payments and the possibility of going to court in case of damage to property or late release of the apartment. For the tenant, this is protection against unjustified increases in the cost of rent, undesirable changes in conditions and the risk of early eviction, he noted.
"Be sure to specify in the lease the terms of the lease, the amount and procedure for paying for accommodation and utilities; prohibitions, for example, on subletting or keeping animals; rules for visits to the apartment by the landlord, and also the terms of termination of the contract. In addition, it is necessary to specify the amount of the deposit (most often it is a payment for the last month of stay) and the conditions for its return, as well as the tenant's obligations to compensate for damage, the exact terms and procedure for compensation," said Tyrin.
The contract can be either short-term (up to one year) or long-term (more than a year). The main difference is that a contract concluded for a period of up to one year does not need to be registered with the Federal Register. That is why an 11-month lease is considered the most common, the expert said.
"Another important point to prepare for in advance is the taxation of rental income. If the annual income from renting an apartment does not exceed 2.4 million rubles, the owner does not need to open an individual entrepreneur and submit annual declarations, it is enough to register self—employment in the My Taxes application, which will simplify the tax payment process," he concluded.
On March 5, a repair specialist from the Profi service." Ruslan Tikhonenko told about how to properly organize repairs. He advised choosing a foreman carefully: check his knowledge of technical issues, visit his current facilities. In addition, it was recommended not to pursue quick repairs, carefully check the estimates, paying attention to the "additional work" column.
Переведено сервисом «Яндекс Переводчик»
