You are a homeowner that has decided to rent out your home because you got a job offer in another state. Or maybe you have decided that you would like to buy your first rental property. You make the decision and then realize you have to get the property ready for tenants to see and like the place enough to sign a lease for it. You have no idea where to start or what it takes. Well we are here to help! There are many things that you will want to take into consideration regardless of how you came to own a rental property.
1.) The way you give a property to a tenant is the way you can expect them to treat the property and if you or your property manager are wise- you will have a clause stating that they are responsible to do so. Because of this, be prepared to get your property in the condition that you would like it to stay.
2.) The state of the property attracts or does not attract applicants. The more presentable the property- the more applications you are likely to receive.
So let's get down to it! You need to be prepared to do the following:
A.) Invest in some landscaping to give you some great curb appeal! Many homeowners even take it a step further and include a monthly landscaper fee into the rent so they know the yard is going to be kept and it is a bonus for tenants. You can get a landscaper for a very reasonable rate such as $30 per week.
B.) Be prepared to put a fresh coat of paint. If the home was lived in before- chances are there are scuffs and nailholes in the walls in various places. Get a touch up or a full paint to make the house like new again.
C.) A deep professional clean to include: cabinets- inside and out, windows- inside and out, baseboards, ceiling fans, blinds, under appliances, inside appliances, etc.
D.) Floors: you will want to have the carpets professionally cleaned and/or the wood floors cleaned and possibly restained. Marmoluem, linoleum may need to be stripped and re-waxed.
E.) Replace all carbon monoxide and smoke alarm batteries, air filters, fridge filters, lightbulbs that are out, etc. Everything that makes the home run smoothly and proficiently that is a time-change item- change before the tenant moves in and they will be responsible for keeping up with it once they take the keys.
***TIP*** You will also want to run all appliances through completely such as dishwasher, washing machine, etc to make sure it is in working order. You want the tenant to like living there, so make sure everything has a quality inspection prior to move in.
If you manage to do all of these things, you will be well on your way to finding and keeping one happy tenant! Happy renting!
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