25 May Rent Ready Rental Property
Rent Ready Rental Property
A rent ready rental property is a property that is ready for new tenants. But, making a home rent ready takes more than just a deep cleaning. In fact, there are several steps you should take before a property is rent-able. From repairs and maintenance to enhancing your curb appeal, the cleaner and nicer your rental property is, the better your chances at attracting the right tenants. By paying attention to details like maximizing interior and exterior appeal not only will your property rent faster, it will rent for a higher price! Because, nothing sells a property quite like a tenant walking through the front door of a home that has curb appeal! If they can imagine living there, filling your vacancies will be easy! With this in mind, we offer some insight on what it takes to get a rent ready property.
Rent Ready Guidelines for Rental Properties
Half the battle of filling vacancies is having successful showings! That said the only way to have successful showings is by ensuring your rental is safe, functional, and attractive. Typically people begin their analysis of a property the second they pull up. For this reason, it’s a good idea get into your car and drive up to your rental property as if it were the first time you were seeing it. Is there anything that immediately attracts you to it, or are there things that turn you off about it? Things like a leaning mailbox or weeds that are growing out of control will have more of a negative impact then you think! If you want to attract great tenants, you must have a property worth renting.
The exterior of your rental property is the first thing people will see. Unmaintained, unappealing, or uninviting rental property exteriors will be the first to be eliminated from a prospective renters list! The interior of your rental property is just as important as the exterior! As a rental property owner you must give prospective tenants a vision and help them answer the most important question “Can I see myself living here?” Dark or cramped interiors, outdated kitchens, outdated appliances, bad floors, old carpet and so on will only reap you the benefit of not attracting the right tenants. Moreover, if your rental property is not appealing your ability to receive a competitive price for your rental decreases substantially.
Rent Ready Checklist
Regardless of the type of property you are listing for rent, paying attention to curb appeal is so very important. Aside from the obvious things like changing the locks and making sure everything is functioning properly, we have listed some essential items you’ll want to pay attention to. The rent ready checklist below is a quick list of items to be aware of but it is not a full list.
- Cleanliness: make sure your rental property is cleaned professionally cleaned
- Pay close attention to carpets, floors, windows, walls, and bathrooms
- Landscaping: mow the lawn, pull the weeds, trim the trees, and clean the fixtures
- Colors: the overall theme should be neutral
- Appliances: make sure appliances are clean and working properly
- Freshen Up: repaint your rental unit and replace the carpet if it has outlived normal wear and tear
- Safety: ensure all smoke and carbon monoxide detectors are functioning
Wondering if Your Property is Rent Ready
Landlords have two important factors to deal with, vacancies, and how long it takes to re-rent their property. Finding the right kind of tenant means you will have to make sure your rental property does not look run down and in need of repairs or improvements. With this in mind, if you can answer yes to any of the questions below, chances are your property is not rent ready.
- Could your rental property produce more income, if modernized
- Does your property lack the curb appeal to draw in quality tenants
- Is your rental in need of minor, cosmetic, or major repairs
When In Doubt
If you have questions about renting out your house or need help doing so, please contact us. We manage single-family homes, condos, and apartment buildings throughout the San Diego area. Whether you are interested in changing property managers, or simply looking to hire a property management company for the first time, Rancho Mesa Properties can help. We take care of all types of residential rental properties including homes, condos, multiplexes such as duplex and triplexes, and even small apartment buildings. Let us manage your rental properties, so you can enjoy your life! Call us today at (858) 576-2176. We will save you time, money, and the stress that comes along with managing your own rentals.