Owning rental properties continues to be one of the best investments in the 2020’s because rentals continue to provide investors with stead and consistent income.
Although some investors may show that owning a rental property can be a smooth ‘rinse and repeat’ process, the reality is that every investor must work to prepare their property for a new tenant.
Getting a rental property ready for new tenants is a crucial process that sets the stage for a successful leasing experience. In this article we will share with you several steps that you can use to get rental properties ready for new tenants.
How To Get Your Rental Property Ready For A New Tenant
Deep Clean: A thorough cleaning is a must. This includes scrubbing floors, windows, kitchens, and bathrooms. Consider hiring professionals to ensure every corner is spotless. Professional cleaners have the expertise and equipment to achieve a higher level of cleanliness, which can significantly enhance the appeal of your property to potential tenants.
Test Appliances: Check all appliances, including the refrigerator, stove, dishwasher, and washing machine, to ensure they work correctly. A functional kitchen is not just a convenience, it's a key factor in attracting potential tenants. Make sure it's in top condition.
Inspect Plumbing and Electrical Systems: Ensure all faucets, drains, and outlets work. Fix any leaks and check for clogs in sinks, showers, or toilets.
Change Locks and Security Codes: For safety, change the locks or rekey the property before each new tenant moves in. Also, reset any security codes for gates or alarms.
Replace Air Filters: By replacing air filters, you can improve indoor air quality and HVAC efficiency. This also reduces the risk of future maintenance calls.
Examine Smoke and Carbon Monoxide Detectors: Ensure these safety devices are functional and have fresh batteries. Some states require hardwired detectors, so double-check local regulations.
Touch-Up Paint: Apply a fresh coat or touch-up paint on walls that are marked or scuffed. Neutral colors like beige, off-white, or light gray are ideal as they appeal to a wide range of renters and provide a clean, fresh look to the property.
Inspect for Pests: Look for signs of pest activity, such as rodent droppings or insect nests. If necessary, hire a pest control service.
Review Landscaping: Keep lawns and gardens neat. Pruning trees and cutting grass creates a great first impression for new tenants.
Document the Condition: It's crucial to document the property's condition before handing over the keys. This protects both parties and establishes a baseline for the security deposit, helping to prevent disputes over damages at the end of the tenancy.
A well-prepared property is not just a property, it's a magnet for renters. It shows them you’re a proactive, responsible landlord. Following these steps ensures a smoother transition and a successful tenancy, making your efforts worthwhile.
Contact GoldenWest Management
At GoldenWest Management, our property management team saves busy owners thousands of dollars and hundreds of hours each year in wasted DIY property management efforts.
To learn more about the services that we can offer you contact us today by calling us at (866) 545-5303 or click here to connect with us online.
