Your current tenants are moving out of your property. While your first thought may be to quickly find a new tenant, there are a few other things to consider during this situation that will help you maximize the transition. We’ll share four things that landlords can do when their tenant moves out.
1. Get Your Condition Report Ready
Before your tenants leave, make sure to complete the condition report. The condition report is the checklist that landlords and tenants complete during move-in and move-out. The landlord and tenants do a thorough walkthrough of the property and note the condition of each item on the checklist. The list includes items like light fixtures, walls, floors, and appliances. Once the walkthroughs are complete, the landlord and tenants sign the checklist.
It is important to check for any damages or wear-and-tear that have may have occurred while the tenants occupied the property. If any repairs are needed, they may factor into the deposit and might need to be completed before the next tenants move in. When your new tenants move in, you will want to start a new checklist with them.
2. Prepare the Property for the Next Tenants
Even if your last tenants left the house in great condition, there are a few maintenance tasks that need to be done regularly. For instance, you should change out any old filters and light bulbs. Also, be sure to check the batteries in the smoke and carbon monoxide detectors. These items will be included in your walkthrough, so it’s good to take care of them before the next tenants move into the property.
3. Take Photos
The best time to take photos of your rental is when it is vacant. Your rooms will be clean and spacious, with no furniture or personal items to pull focus from the property’s features.
4. Evaluate Your Listing
If it has been awhile since your rental was on the market, you may need to update your listing. Make sure that the property description and list of amenities are current. Review your listing photos and see if you can incorporate any new ones. If you want to increase the number of people that see your listing, consider adding it to more rental listing websites.
Keeping up on tenant turnover can be a daunting task, but the transition time can be a great opportunity for landlords. Follow these steps and you’ll be ready to find your next great tenant.
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