So the lease on your property has ended and you are waiting for your new tenants to move in? The time before your new tenants move in is extremely valuable for landlords and property managers as it allows you to make sure that your property is rent ready.
This is the perfect opportunity for you to make any necessary changes and improvements to your property so that it is in the best conditions for new tenants. A turnover allows you to put in some extra effort into keeping your property in the best possible condition. You don't always have to make huge changes. Even simple acts like detail cleaning the bathroom can make a huge difference and add value to your property. Besides, the nicer the condition of the property, the better the chance of the tenants maintaining it that way.
However, it is also common knowledge that the longer your vacancy period, the less profit you incur. Therefore, as a property manager, you need to move quickly and ensure that your property is rent ready as soon as possible.
Below, we outline a checklist for property managers to make sure that the property is rent ready. Make sure you tick all the boxes so you can be confident that your property is in the most pristine condition.
Clean every corner of every room in the property
Cleanliness is often the number one factor in influencing the way tenants perceive your property. If you want tenants to see not just the property, but you as the manager, in a positive light, then you have to make sure every corner of the unit is as clean as possible. This also shows that you maintain high standards when it comes to your property, and your tenants are likely to maintain the same standard.
While cleaning every room is important, the kitchen and bathroom usually need special attention. The kitchen is prone to grease build-ups, and the bathroom tends to have mold and fungi. Strong detergents can be used to remove grease, while a disinfectant for the toilet is a must. If your budget allows it, we suggest hiring professional cleaners to get the best results.
Make sure to check all doors, windows, lighting, and appliances
The vacancy period is the perfect opportunity for you to go around the property and carefully check that everything is in an ideal working condition. Make sure that all the windows and doors can open smoothly without any issues and that the tracks are clean. Check to see if the screens are cracked or broken and replace if necessary.
Make sure that all the switches, outlets, and bulbs work properly, and that the appliances can be used without any issue. For instance, you may have a dryer, an oven, washer, or a refrigerator in the house. Check to see if all of these work efficiently so that your new tenants won't have any problem. Also, remember to see if your water faucets operate efficiently.
Replace whatever needs to be replaced
After you have checked and tested all your windows, doors, appliances, and lighting, replace them as soon as possible if you notice any of them not working properly. On top of this, you may also want to consider changing the locks to the suite. Even though this is not a necessity, it sure does help the new tenants feel safer when they get a fresh, new lock. Previous tenants may have made copies of the key, so it's always better not to take that risk.
Another replacement you may want to consider is the air filters in your HVAC system. If you provide your new tenants with new air filters, they are more likely to replace it themselves when required.
A fresh coat of paint works wonders
If the property is getting a bit dull or old, then one of the best ways to freshen it up is by giving it a new colour. A fresh coat of paint can work wonders in enhancing the way your property looks and feels. Usually, neutral colours are a great choice because they appeal to a broad audience. Besides, when you go for light, neutral colours, it creates the illusion of making a room look bigger than it actually is.
It is also important to use only high-quality paint as these don't require many coats. Sometimes, even one layer is enough. Also, they hold up well over time and are long-lasting even in unlikely conditions.
Upgrade your flooring and carpets if required
Flooring is another important element of your property that can really affect the way it looks and feels. If you have outdated carpet or vinyl, switching to more modern flooring options can make a drastic change. If your carpets are really old and worn out, it's best to replace them altogether rather than trying to clean them or fix them. You can opt for hardwood floors instead. They may be a little expensive, but they increase the value of your property and hold up very well in the long run.
Fix up the landscaping
If the property is a detached unit, and it has a lawn, entryway or a garden, then make sure to pay attention to the landscaping. This is the first thing renters are going to see in your property, and it is important that you make an excellent first impression.
For instance, make sure to edge the walkways and trim any foliage that hangs over your roof or covers the windows. It's also a great idea to have several decorative plants strategically placed.
Call in technicians tune up the central air system
You may also want to call in a technician to check your central air system and tune up your furnace and cooling system. This includes replacing air filters, checking the seals in the blower and the compressor, and a general inspection of the entire system to make sure that there are no minor issues that could blow up into big ones. Besides, doing so will save you from having to deal with emergency repair later on.
Once you have made sure you have ticked off everything on the list, you can be confident that your property is truly rent ready! Finally, to obtain maximum rent, consider staging the suite and getting a professional photographer to take pictures for your leasing efforts.