In this day in age, the rental market has highly become competitive, that is why property managers are looking for ways to keep units fresh and modern-looking to entice prospective leaseholders. When you ask any property manager, they will say that the most significant step in successfully operating investment properties is to ensure that the properties are structurally sound.
And, in order for a landlord’s properties to be “rent ready,” these properties must also be well-maintained and clean on the surface. After inspecting and closing on the purchases, owner should prepare these properties by having the 11 steps below followed.
1. Have Everything Properly Documented
Make sure to have all renovations as well as completely documented, whether by owners themselves or its outside contractors. Time and money documentations will give proof to investors to have security deposits for tenant damages withheld. In addition to that, a “make ready checklist” should be compiled by these investment property owners to have their businesses keep organized when preparing properties to be rented.
2. Have the Locks changed
One important thing to consider here is the future tenant’s safety. Purchaser of the property is unaware of the former tenant’s criminal records. That’s why, before advertising the properties’ availability for renting, have all exterior locks switched out and set new garage door passwords. Consider everything that has to be changed.
3. Have the Vents Cleaned
Rid the units of those unnecessary build-up of grime on HVAC ducts and filters, as dirt tend to block the proper air flow. Air filters are cost-efficient, however, when it comes to sanitation, disposable filters are recommended. Moreover, it doesn’t require high maintenance over time.
4. Have Broken Hardware Fixed
Have any broken knobs, pulls and handles in the bathrooms and kitchens of any outdated units fixed. Broken or improperly fastened fixtures do not serve any purpose at all, and they make a unit look unkempt which might possibly discourage renters looking for new apartments. Have broken light switch plates fixed and assure that corresponding ceiling bulbs and lamps work just correctly. Consider switching to bulbs that are energy-efficient; they last long and lower your bills as well.
5. Have Appliances Examined
Make it to a point that dryers, washing machines, dishwashers, ovens and stoves are in working order. Have the temperatures on freezers and refrigerators monitored. Moreover, test ceiling fans and clean dust and debris from blades before showings.
To learn more tips, check out for the next article.