by Cierylene Piernes
Posted on 2019-05-22 15:51:15
Making turnover of your property whether it is outgoing or incoming tenants should not cause a lot of stress and consume much time. This transition process can be made smoother with proper planning, clearly defined expectations, open lines of communication, contact with the tenant, and regularly scheduled property inspections.
Verify Tenant Information
A smooth transition doesn't begin when tenant is already going through turnover process, it starts during the application process, it's a must that a landlord or property manager set clear guidelines in screening a prospective tenant. With the aid of Smart Screening, applicants can be screened thoroughly and vetted to ensure they are good fit. You can also talk with applicants' previous landlord to ask how they are as a tenant and if they take care of the rental property as if it was theirs.
Presentation Is Everything
Before a tenant moves in, its an important aspect to clean the rental property and make necessary repairs and/or renovations. Because it is about showing good impression to your new tenant that you value and care for your property. So they will likewise do the same. It also creates an expectation on how the tenant should care for the rental property.
Require a Security Deposit
No matter how good the credit score of the applicant, how long they have been with their current jobs, and how great their character as per your first impression, you should always require a security deposit. A rental property is not a small investment but a large one, so you should always have assurance that it will be taken care of. Security deposit is usually equal to a month’s rent or so and will be used to cover damages to the property if proved to be neglected by tenant who will be moving out. If there is no damage on the property, the tenant will get their deposit back. Of course, most tenants will want to get their security deposit back, so they are to comply with the lease agreement and they will take care of the rental property.
Routine Property Inspection
You can read more about routine inspection here, to properly set dates on when to visit your rental property.
Communication is Key
It’s written in the Tenant Qualities Landlord look for that a good communicator is a good tenant because they are good in communicating anything unusual and who will treat the rental property with care as if it is theirs. Communication is a two way process so of course, you as a landlord should also be a good communicator, starting from the expectations during move in. However, verbal expectations is not recommended, you should also put it in writing, and let the tenant acknowledge it by signing.
Partner with Trusted Vendors
Managing rental properties is not just about managing who lives in your properties. It is also about managing repairs and maintenance. Landlords usually have a big amount of task on a daily basis. That is why they partner with reputable vendors for the maintenance of their properties. By handling problems as they arise, these vendors help keep costs lower and improve the rental process for everyone.
Landlords and property owners can have a difficult time managing their rental properties on a daily basis. So a help of a property management software like Smart Housing can ease your life through automation and online process of property management.