3 Steps to Get Your Rental Property to be Rent Ready

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When you first buy a rental property or an existing tenant moves out, you’ll need to get the unit “rent ready” to welcome your next tenant. The first impression of the tenant is important – you want them to know they have a landlord who cares. By getting the property rent ready for each tenant you will set a good precedent with your client and encourage them to follow your lead in caring for their new home.

Going through this process last week, here are 3 steps you’ll want to take to make sure your unit is “rent ready”.

1. Repair

Upon move out, you’ll want to take care of any required repairs. Some tenants will report every minor problem during their tenancy while others will let things slide. See what needs some attention and before your next tenant moves in, make sure any required repairs are taken care of. Without living in the property you’ll usually miss a couple things, but you want to avoid having your tenant come to you with a laundry list of items that need to be fixed within the first few weeks.

2. Clean

Sometimes you’ll get lucky and have great tenants who leave the place in better shape than it was when they got the keys, but this is rare. Even with great tenants there are always a few things to clean up upon move-out. Sometimes tenants will leave items behind (usually for a reason), so be sure to get rid of anything left behind by previous occupants. Once the property is truly empty, be sure to clean the kitchen, bathrooms, windows, appliances and carpets. To be “rent ready” your property should be clean and fresh.

3. Update

Take advantage of any vacancy between tenants to update your property. Whether you just need to do something simple like cleaning up the yard and adding a fresh coat of paint, or something more complex like replacing a kitchen or bathroom, it is easiest to get any work done when the property is vacant. Use the downtime between tenants to your advantage and get any planned upgrades completed during this time when the work will not disturb your tenants.

With your property well maintained, clean, and fresh, you’ll be “rent ready” and make a good impression upon your next client. A little extra care applied to these simple things will help you start off your next landlord-tenant relationship on the right foot.

Creative Commons License photo credit: tracitodd

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About Author

Andrew is a Canadian real estate investor and analyst who works with Joint Venture partners to create long-term wealth. With a focus on buying and holding positive cash flow properties in Canada's Technology Triangle, Andrew makes the benefits of real estate investment available to those who lack the time or expertise to buy and manage property themselves.

3 Comments

  1. Pingback: 3 Steps to Get “Rent Ready”

  2. I used to be a tennant, who was appreciated by the landlords at the time. Now I’m a landlord myself and I must honestly say I prefer to be a tennant. It’s so much hassle with keeping your property in good shape and finding good tennants who want to move in…

  3. Hi Kris, I agree. I am currently a landlord but rent my primary residence since I am not ready to stay in this location yet. Finding the right tenants can be tough but the returns are good and it is nice having someone else pay your mortgages instead of you paying for your landlord’s retirement.

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