If you’re a San Clemente renter, subletting your rental home or apartment can be the best means to make some extra money; but on the other hand, you should be careful because the situation is not always perfect – or legal. Though your landlord grants permission and allows subletting, there are pros and cons that you need to weigh and consider just before making a decision. In this blog post, we’ll look at both the good and the bad of subletting. So, whether you’re on the fence about subletting or just yearning for more information, read on!
The Pros of Subletting:
- Extra Money: Subletting your rental home or apartment can be the best approach to make some extra money, most importantly if you have a spare room you aren’t using or will be absent from your apartment for an extended period of time. In these states, having a subletter help you pay your rent can be a huge financial benefit. As long as you obtain permission from your San Clemente property manager first, it’s a win-win situation for both parties involved!
- Security: If you’re uneasy about leaving your rental home vacant while you’re away, subletting can lessen your fears by letting someone watch over the property while you’re afar. Subletters who tackle and take on long-term leases may as well be apt to help you out with any maintenance issues that transpire during their stay.
- Avoid Breaking a Lease: If you have to leave your rental home before the end of your lease agreement, subletting can give a way for you to avoid penalties or other issues connected with breaking a lease.
The Cons of Subletting:
- Increased Risk: Even though some subletters are honest and responsible individuals, there are always risks involved. As an illustration, there is oftentimes the risk that they could stop paying the rent, do harm to your rental home, or worry the neighbors. Before you sublet, seriously vet each potential subletter and be sure they have a nice credit and rental history. Additionally, make sure that they know what is expected of them financially and in terms of property maintenance. You likewise need to seriously think about renter’s insurance. Even though you may be competently insured, your coverage does not extend to subletters; make it a point they have renters insurance.
- Probable Legal Problems: In the majority of cases, subletting could violate the terms of your lease agreement or even be illegal in certain cities and states. Check with your landlord and local laws before you get going with the subletting process.
- Losing Control: Subletting can equally point out 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, take into consideration that your roommate will be a stranger and maybe burdensome to live with. If you’re distressed about this, look into trying short-term subletting or forming a system where you can regularly check in on the property.
By seriously considering both the pros and cons of subletting your rental home, you can make an informed decision concerning whether or not it’s fine for you. As long as you do your research and get permission from your landlord, certainly, subletting can be the best solution to make a little extra cash and give you peace of mind.
Are you in the market for a new rental home? Real Property Management Agile just might have just the place you’re seeking for. Browse our listings online or call 949-503-5300.
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.
