Refresh the leased property before the next rental period

Soon the current lease will end and the existing tenants have already informed you that they are moving on. Just before handing over the keys to the next tenant, it is advisable to perform a number of actions in the property that will ensure its improvement and cause it to express higher monetary values, as well as satisfaction among the tenants.

No keys are handed over before checking the property!

Anyone who ownsan apartment for rentknows that this is passive income as long as the contract exists, but with important acts of ongoing investment between rentals. While you benefit from the monthly rent, existing tenants may commit actions that damage the home, sometimes even damages that you are not aware of. This usually creates serious problems towards the end of the contract, especially when certain damages that you never imagined could occur, were not even arranged between you in advance in the contract. Therefore, the right and immediate action is to coordinate an inspection of the property just before the existing tenants leave it and make a decision about what they need to repair or do, as well as get an estimate of what you need to do before the next tenants enter.

Did the previous tenant leave damages? Here's how to check:

When checking with the departing residents, make sure that all the permanent systems in the house are in good working order and working as required: floors, walls, plumbing, water, sewage, air conditioning, gas and electricity. If you understand that there has been a large damage assessment and you will have to go into a short renovation period, you should postpone the next tenants and take care of things. These actions ensure that your property continues to maintain its long-term value and will allow you to anchor in the contract terms regarding the return of the house as received – clean, painted, without holes in the walls and in full order.

Consider situations in which the permanent systems in the home suffer from natural wear and tear. This situation will also require proper treatment and referral to professionals. It is in your interest to pass the rental period with peace of mind and without complex and urgent dealings, and also to maintain the tenants' satisfaction. An unhappy tenant may cause you unrest, disrespect the property and, in severe cases, not even cooperate with you. Do everything possible to ensure that the next rental will be in front of quality people who undertake to take good care of the property and that they will get the place as promised.

Renovations and maintenance before further rental

If you're going into a property renovation, it's a good idea to determine in advance what needs to be done. Examine whether doors or lintels need to be replaced, kitchen cabinets repaired, flooring replaced, or sealed on the roof and bathroom. It is also advisable to take care of the exterior of the house and its means of protection such as replacement of the cylinder, gates, maintenance of the garden, pergola and storage room. If the realtor is already starting to market the property at the time of the renovation, he will notify the tenants who come to tour the house. Potential tenants see renovation as a significant advantage for them and they will be very happy to receive a proper and modern place, which can raise the rent and generate more efficient and profitable negotiations for you.

Checking open debts on the property

Even if your property is in good working order and there is no need to carry out improvement or repairs, it is still recommended to delay the entry of the new tenants by a few days. This will allow you to buy time to make sure that all past debts from previous tenants have been fulfilled, that their bills are closed and that they have no remaining payment obligations regarding electricity, water, municipal taxes or gas. If there is an open debt problem, it is advisable to use the open checks that were given to you and update the previous tenants.

Do you have a rental property and want to bring in good tenants? Create a rental agreement at the best price? Market the property professionally? Contact us today and we will be happy to help.