When managing a property, there’ll be times when you’re looking for a new tenant while you still have tenants living at the property. Here are a few tips to make the process smoother.
Step 1: Communicate with the current tenant
It’s a good idea for your lease to include something about this situation. This lets renters know that you may be accessing the unit for this purpose. Since rental laws vary by state, you’ll want to check with state laws before putting something in your lease or scheduling a showing. Some states have requirements on how much notice a landlord should give tenants and when a landlord can schedule showing.
Even if your state does not require you to give a certain amount of warning before you show your unit, it’s a good idea to give your tenants plenty of notice. Address any concerns that they have and give them a clear timeline.
Step 2: Prepare the property
Let your tenants know your expectations. Don’t assume that they’ll put away the piles of dirty clothes or secure their pets just because you’re coming by. If their lease is ending on less than good terms, your requests may be met with resistance, or even ignored. Again, check with your state laws when considering how to handle these situations.
If your tenants are vacating the property while you show prospective tenants around, they might be concerned about strangers entering their current home. Prepare your current tenants by suggesting that they file away any bills or mail with personal information. They can also protect their privacy by stashing away medications and valuables. Prospective tenants are going to want to open drawers and cabinets, so your renters should be aware of this when stashing their items.
Step 3: Schedule your showings
In order to be efficient with your time and courteous of your tenant, you should be strategic about scheduling. Book showings with several tenants in half-hour increments on one day. For instance, you could make an appointment at 12:00 p.m., 12:30 p.m., and 1:00 p.m. on a Saturday. Don’t forget to give your tenants notice in accordance with your local laws.
This method is a convenient way to have several prospects see the property without taking up too much of your current occupant’s time. As an added bonus, your prospects will see how desirable your rental is.
Step 4: Show the property
Common sense rules here. It’s your investment, so it goes without saying that you aren’t going to want prospective tenants to walk through your place with muddy shoes.
It’s a good idea to stick with your prospects when giving a showing so that you can keep an eye on them. At this point, you may not have completed a tenant screening, so you should be aware of the possibility that they might not have the best intentions when it comes to your current tenants’ belongings.
Step 5: Thank your tenant
Remember our tips for getting tenants to love you? This type of communication makes a difference in the landlord-tenant relationship. It may be your house, but if your tenant was accommodating, then they made the process easier on you.