6 Ways A Property Management Company Can Get Your Rental Ready
Posted on: 30 December 2015
Being a landlord comes with some responsibilities and one of these includes ensuring your property is in good condition before renting it to another person. Your tenant will need to have certain things in working order, such as water and electricity before moving inside. By knowing specific ways a property management company can assist you in getting your rental property ready for your new tenant, you will be more prepared to work alongside the company and make your property the best it can be.
Tip #1: Inspect the property
It's ideal to ensure the exterior and interior of your rental property are in good condition and safe for your new tenant. Take time to look for ruts in the yard that could cause a slip and fall accident to occur.
Additionally, complete a thorough inspection of the inside of your home and check for holes in the flooring or other conditions that could contribute to an accident.
Tip #2: Buy new appliances
Your tenant will want to have a working refrigerator or stove to be capable of preparing meals each day. If the existing appliances in your property don't work well, you will allow the management company to purchase new ones that do.
It's possible to purchase a basic refrigerator for as low as $395.
Tip #3: Make some improvements
The key to making your future tenant and any others you may have happy is by making your property as attractive as possible. It's a good idea to spruce up some of the rooms with a coat of paint. This is an inexpensive way to update completely an outdated space.
The average cost of a can of paint is only $12-$50, and if you do all of the work yourself, this is a low-costing home improvement project.
Tip #4: Obtain property and liability insurance
It's important to financially protect your investment, and this means getting the adequate amount of coverage on your property. Ensuring any damage that occurs will be covered by your insurance company can significantly increase your peace of mind.
Additionally, take the time to get liability insurance that will protect if there is a personal injury on your property. This will pay for any legal fees that you may incur and your property management company will have a great deal of experience in this area.
Getting your property rented quickly may be at the forefront of your mind. Be sure to rely on the expertise of the right property management company, like Taylor Realty, to assist you in doing so!
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