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”.
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.
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.
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.
photo credit: tracitodd