If you’re a Perris renter, subletting your rental home or apartment might be a perfect opportunity to make extra income. However, you need to be careful because the situation is not always perfect – or legal. Irrespective of whether your landlord approves subletting, you should still weigh the pros and cons before settling on a decision. In this blog post, we’ll review both the good and the bad of subletting. So, whether you’re on the fence about subletting or simply want additional information, read on!
The Pros of Subletting:
- Extra Money: Subletting your rental home or apartment can be the best approach to make some additional funds, primarily if you have a spare room you aren’t using or will be gone from your apartment for an extended period of time. In many cases, having a subletter helps you pay your rent and can be a significant financial benefit. If you seek permission from your Perris property manager first, it’s a win-win situation for both parties involved!
- Security: If you’re hesitant about leaving your rental home unattended while you’re gone, subletting can alleviate your concerns by providing someone to watch over the property while you’re away. Subletters who take on long-term leases may also be eager to assist with any maintenance issues that develop during their stay.
- Avoid Breaking a Lease: If you are required to leave your rental home before the end of your lease agreement, subletting can give you an opening to avoid penalties or other complications involved with breaking a lease.
The Cons of Subletting:
- Increased Risk: Although many subletters are honest and responsible citizens, there are always risks involved. For illustration, there’s always a potential that they might discontinue paying the rent, cause detriment to your rental home, or upset the neighbors. Before you sublet, cautiously vet each potential subletter and verify that they have a good credit and rental history. Additionally, make sure that they know what is expected of them financially and in terms of property maintenance. You must also consider renter’s insurance. Even though you may be properly insured, your coverage does not extend to subletters; guarantee they carry renters insurance.
- Possibilities for Legal Problems: Sometimes, subletting could violate the terms of your lease agreement or even be illegal in specific cities and states. Check with your landlord and local laws before commencing the subletting process.
- Losing Control: Subletting can also mean that you’ll have less control over who is living in your rental home and how it’s being taken care of. If you are subletting a room, keep in mind that your roommate will be a stranger and may be challenging to live with. If you’re worried about this, consider trying short-term subletting or setting up a system where you can regularly check in on the property.
You can make an informed decision about whether or not it’s ideal for you by examining both the pros and cons of subletting your rental home. As long as you do your research and obtain permission from your landlord, however, subletting can be a great way to earn spare funds while also bringing you peace of mind.
Are you in the market for a new rental home? Real Property Management Bella might have just the place you’re seeking. Browse our listings online or call 951-916-4329.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
