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Make Money While on Vacation! Sublet
Your Condo, Home or Apt!
So you’re going out-of-town, or maybe you’ll be traveling extensively for work, or moving in with a significant other or friend? Whatever your reason, you are leaving your apartment, condo, or home vacant and you’d like to sublease it.
Subletting is easy to do and its a great way to make extra money while you are on vacation. In many cases, you can sublet your residence to not only cover the terms of your lease but you can secure renters that are willing to pay over your lease amount.
Step 1: Talk to your Landlord, and obtain Landlord approval
Many apartment leases have clauses that allow for subleasing, as long as the Landlord is notified. Talk to your Landlord and find out what he/she requires in order to provide you with approval to sublet. If you plan on subletting your apartment for an extended period of time, you pay considering approaching your Landlord about adding a sublessee on the lease. This type of clause is rare, but it provides you the greatest protection and places a high-level of responsibility of on the sublessee.
Step 2: Finding a Sublessee
You can either embark on this search yourself, using various classifieds websites such as Craigslist or Kijiji, or you could acquire the services of a Vacation Rental company, such as MetroFlatsNYC. MetroFlats can effectively locate renters for the timeframe you require, coordinate terms of the rental agreement, as well as monitor and execute payment.
A MetroFlats representative can work with you to target quality renters and obtain the highest rental fee for your residence. MetroFlats offers these services on a commission basis–we only get paid if you do.
Step 3: Agreement Negotiation
Once you have located a sublessee, you need to iron out the terms of the agreement. This includes outlining all the details of the agreement such as: the timeframe of the rental, the payment, how payment will be executed and other stipulations (pets, smoking, etc…). MetroFlats will work closely with you to draft any rental agreements on your behalf.
Locating a subletter can be difficult at times, however it is well worth the effort and obtaining 3rd party services can also be a very attractive option. Why not have your apartment make money for you for a change?!
