8 Tips for Getting Your Property Ready to Rent
Whether you're a part-time or full-time landlord, it's important to get your property ready to rent!
The answer differs from property to property. This includes renovations or repairs made to the interior and exterior of the property.
So, to help landlords understand how to get their properties ready to rent and avoid mistakes, the team from Leenan Property Management has put together this article:
Add Curb Appeal
If you have experience as a landlord, you will agree that potential renters tend to base a lot of their decision on their first impression of the property. So, how your property looks on the outside will determine whether the prospective tenant will be interested in the interior’s finishes and fittings.
When it comes to curb appeal, consider the following:
- Landscaping: Having a green, outdoor space works in your favor as it can set you apart from the competition. Take it to the next level with trimmed bushes and grass.
- Remove Debris and Trash: A tenant cannot envision themselves renting out a space that is filled with debris and trash. You could organize a yard sale or simply throw away the excess household items.
Perform a Thorough Inspection
Start from the front door of the rental property. Choose a wall and move along it, taking note of possible defects to the paint, wall, fittings, and appliances.
You want every aspect of the property to look right for a possible tenant. As you follow the wall, you should inspect every room and find your way back to where you started.
While you are assessing your rental property, pay close attention to the following:
- Electrical outlets
- Condition of the blinds and curtains
- The security of the windows and sliding doors
- The possibility of cracks or fissures in the walls or window frames
- Holes and scratches
- Test all the taps, faucets, and also the electrical appliances, e.g. the dishwasher, cooker, microwave, and garbage disposal
Consolidate Your Repairs
Part of getting a property rent ready is ensuring everything is property repaired and maintained quickly. So, it is in your best interests to spend the shortest time making repairs to the rental space and keeping it full of qualified tenants.
This means consolidating all your repair needs so that the contractors can make one conclusive trip to your property.
Doing it Yourself
Do you have what it takes to carry out the repairs and upgrades identified on your rental property?
If so, head over to the nearest DIY store, procure the items you need, and start the repairs to your property. Doing the repairs yourself is also a great way to build a better landlord-tenant relationship by showing you really care for the property.
But from our experience in the management of property in Saskatchewan, most property owners lack the experience and expertise to perform repairs to their houses. So, never underestimate the effect of quality workmanship on your property.
If you have any doubts, it’s a good idea to contact a property management company or respected tradesperson to complete the repairs.
Replace Old Appliances
There may be an appliance on your property that often needs to be repaired. But rather than keep maintaining the item, we recommend that you purchase a new one.
While it might look like a larger cost, the purchase is actually an investment as you will have saved on maintenance costs, and you will also be able to charge a higher rental income.
Clean the Property
A part of the renter-ready process is a clean and dust-free rental space. To appeal to a potential renter and keep them happy, it is best if every inch of the property is clean of grime and dirt.
Don’t have the time? Consider the services of a professional cleaning crew.
When was the last time you inspected your property for mold?
If the question caught you by surprise? You wouldn’t be the only one.
Many property owners forget that the presence of mold can be a health hazard to renters with respiratory issues, its best to clean the mold as soon as you find it. As you perform your thorough inspection, be on the lookout for mold in such areas.
When your property is rent-ready, you reduce your vacancy time, place better quality tenants, and earn more money from your rental.
There may be some landlords without the time, resources, or experience to handle repairs to their rentals. Who better to handle the repairs of your rental than the leading property management company in Regina, SK?
Leenan Property Management is a full-service property management company, known for its accountability, transparency, and quality customer services. Our clients can attest to our comprehensive property solutions that maintain the property in good condition and enhance the value of their investment.
Get in touch with us today and receive a quote for our SK property management services.