Posted on: 5 August 2016
Being a landlord offers a variety of benefits to take advantage of such as having the opportunity to work as your own boss. But it's important to make sure that your rental home stays in optimal condition while it's being occupied, so your profits don't end up having to be spent on cleanup and repairs between tenants. Here are three things you can do to protect your rental home while it's being occupied:
Require Personal Yearly Inspections
As part of your lease agreement, it's a good idea to require your tenants to agree to personal yearly inspections. Provide renters with a list of things that will be inspected before their yearly lease can be renewed so they know what aspects will be focused on. This should encourage tenants to take good care of the place while living there so they aren't held responsible for any damage that could have been prevented throughout the year.
A month or two before the lease is scheduled to be renewed, visit the property personally and take photos of everything you inspect, so you have a reference for future inspections. You can then provide your tenants with a copy of the inspection checklist after you've filled it out along with a receipt for any repair expenses that will be taken out of their security deposit upon move-out if necessary. Consider offering a small financial bonus, such as a small percentage off of their next three months rent if their inspection uncovers neglect.
Stock the Outdoor Shed
An excellent way to ensure that your rental property stays in good shape while it's being occupied is to stock an outdoor shed with various tools and resources that will make it easy for renters to make upkeep a priority. When they have access to things like lawnmowers, weed whackers, potting soil, fertilizer, and sheers, it's more likely that your tenants will keep your trees, bushes, and gardens in good shape. Don't forget to include resources for the interior of your rental home as well – paint that matches the wall colors, nails and hammers, filters for the HVAC system, and household stain removers are sure to all come in handy at some point.
Invest in Junk Removal Services
If there isn't an easy way for your tenants to get rid of junk and debris before they move out, you may end up facing unnecessary expenses and downtime while preparing the place for new renters. To minimize the chance that you'll be left with garbage to deal with after your tenants move out, provide them with a dumpster rental during the week leading up to their scheduled move-out date. This will give them an opportunity to get rid of bags full of trash and to dispose of larger items that are no longer wanted, such as old outdoor chairs or large paintings, without having to worry about going to the dump themselves. Because they won't need to travel to the dump, your renters will probably throw a lot more away than they would if a dumpster weren't available.
It's also a good idea to hire a garbage removal company like Abra-Cadabra Junk Be Gone LLC to come in after your renters have moved out so they can get rid of any junk that wasn't allowed in the dumpster. This will provide you with a clean slate to work with just after your tenants move out so you can prep things quickly and get the place occupied again without losing out on significant profits.
These tips and tricks should make it easier to clean and prep your rental home between tenants so it doesn't sit empty long between occupants.Share