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Updated 24 days ago on . Most recent reply

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Shawn Rose
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14
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Unit Turns Timeframe Question

Shawn Rose
Posted

Hello BP community,

I have what may sound like a general and potentially ridiculous question.  I have three (3) units all managed by the same property management company.  What is a realist timeframe to get a unit turned over and listed for rent once it becomes vacant?  Is it taboo to include in the lease that upon receiving notice to vacate, that property management reserves the right to inspect the apartment/house for any items that may need to be repaired after the house is vacated? 

One of my properties was just vacated on May 31st and while I do have a list of items that need fixing, I do not yet have a quote for the repairs.  When I do receive a quote, the work will still need to be scheduled, so on and so forth.  My concern is that this tents to be the norm and having a property vacant for two (2) months is killing me.  


My personal W2 is in asset management for senior living residential and it is listed in our leases that upon receiving notice to vacate, we reserve the right to inspect the apartments for defects that will require scheduling a contractor for repair.  This cuts down to the lead time in order to get the work completed once the apartments are vacated.  I really appreciate the communities input here. 


Shawn  

  • Shawn Rose
  • Most Popular Reply

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    Drew Sygit
    #1 Real Estate Horror Stories Contributor
    • Property Manager
    • Royal Oak, MI
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    Drew Sygit
    #1 Real Estate Horror Stories Contributor
    • Property Manager
    • Royal Oak, MI
    Replied

    @Shawn Rose In a perfect world tenants would give proper notice and then cooperate with access for evaluation and any subsequent needed repairs, to keep vacancy to a minimum.

    The challenge is, what's in it for the current tenant?

    Someone wants to come in and take pics of their home while they're trying to pack, then wants to come in and start performing work, potentially getting paint, dust, caulk, etc. all over their stuff - or at least causing them a decent amount of inconvienence?

    Then you have the scheduling challenge of finding a handyman or contractor that is available when the tenant is.

    Some tenants are nice about this, others will go to extreme lengths NOT to allow access:(
    They can not cooperate by:
    - Leaving a minor home alone
    - Leaving a dog home alone
    - Threatening to get physical
    - Threatening to stop paying rent and/or cause damage

    This may shock many of you who are used to dealing with only Class A tenants, but it is not uncommon when dealing with Class B tenants and is very common when dealing with Class C tenants.

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