If you’re a first-time landlord
and your tenants have just given you their notice for moving out, the first
thing on your mind is probably finding new tenants to replace them. While this
is important to ensure you don’t have a lapse in rental income, there are a few
other steps to take in order to prepare your rental property for your next
tenants.
Here are the steps every
landlord needs to take to ensure their property is ready for new tenants.
1. Fix Any Maintenance Issues
Doing a full inspection of the
property and making a note to fix anything that’s broken or needs maintenance
is important. There are potential health and safety issues when appliances or
utilities aren’t working properly. Anything from a broken window lock to a
malfunctioning HVAC system needs to be repaired before you start showing your
property to prospective tenants. Furthermore, carbon monoxide and smoke
detectors should all be inspected and tested to make sure they’re working
properly.
2. Do a Deep Clean
Whether you take on this task
yourself or you hire a company to do the move out cleaning for you, every
inch of your property should be deep cleaned and sparkling fresh before new
tenants move in. This includes any and all hard-to-reach problem areas like
behind the fridge and in cracks or crevasses that are usually overlooked. Not
only does it help you better present your property to prospective tenants, but
it also eliminates the risk of hidden health and safety concerns like black
mold build-up.
3. Change the Locks
If your rental unit was
previously occupied, it’s a good idea to change the locks in between
tenants. Even if your previous tenants returned all the keys, they could have
made copies without telling you. It’s always better to be safe than sorry, and
you want to avoid a situation where your old tenants could still enter the unit
while your new tenants are living there.
4. Go Through Your Lease Agreement with Your New Tenants
Once you’ve found new tenants, it’s incredibly important to go through the tenancy agreement with them, including things like a rent guarantor agreement that you might also require, and answer any questions they have. This helps ensure their tenancy starts off on the right foot and that everyone is on the same page. Once all questions have been answered and everything has been clarified, you and your new tenants can sign and date the document.
5. Review Your Move-In Checklist
On the tenants’ move-in day, you should be present so you
can crosscheck the move-in checklist. This
list makes note of the condition of the property before they move in so that
any damages they make are identifiable and anything that was already there is
not held against them when they move out. Do a walk-through of the property and
inspect each room, making a note of every detail. Go over the list with your
tenants and once everyone has seen and agreed on the list, have both parties
sign and date the document.
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