Your property agent shall be your guide to the entire renting process
. If he is experienced in real estate dealings of that area, it becomes easy for him to suggest properties which will be suitable for him. Otherwise, he might have to make a research on the basis of your requirements. He shall help you decide the rent for your property after evaluating the rents of similar properties located in the same region. The next step is deciding about advertising plans from which you shall be able to get the most prospective tenants for your property. Once you have done your advertising properly, you will be flooded with prospective tenant applications. It will be up to your decision completely whom you will like to see in your property.
You need to scrutinize all applications by checking the background of the applicants, their current financial positions, source of income, family members, employment status and whether they have any property currently. It is also important to enquire why they wish to take your property for rent. A meeting with your selected tenant is also important before you make the final deal. Once all these are completed, you need to go ahead with legal compliances of your property. You need to comply with several legal forms that are associated with the renting out of your Calgary real estate. Your agent will help you in obtaining these forms and getting the legal agreement done in the best way, so that your property is protected.