You must understand your roles and responsibilities whether you are a seasoned or a new landlord. This way, you can ensure that the complete transition is smooth when you hand over your rental property to a new tenant.
When you ensure that your rental property is well-maintained and in good condition to welcome the new tenants, you also relieve the tenants of any unforeseen property maintenance problems.
No matter how small or easy property maintenance tasks may seem, these are surely difficult tasks. With so much to do in such a little time, there are chances for you to panic. However, do not stress anymore!
To help you out, here we have curated the crucial things that you need to check immediately to tackle your rental property.
6 things to check immediately to tackle rental property
- Applying a fresh coat of paint
A fresh coat of paint is an incredible way to spruce up the whole rental property. Whether the tenants have just moved out or the property has been vacant for a long period, re-painting immediately tackles the rental property and makes it welcoming for your new tenants.
Additionally, the tenant’s security takes care of repainting expenses. However, when a tenant stays on for a long period, the timing typically falls under the depreciation period. In this case, re-painting expenses are met from your pocket only.
- Replace the expired appliances
Whether rooftops, appliances, paint, or floors, everything has to be expired after a certain period. So, it is a landlord’s responsibility to check out for appliances or machinery that need to be replaced. This way, you can efficiently create the replacement plan’s budget and save money accordingly.
Remember, replacements for a rental property can cost significantly; however, planning your estimations thoughtfully adds to the property repair costs.
- Check out the property for leakages.
There are certain soft spots, be it dividers, rooftops, or ceilings. So, you need to check these areas for any water damage or leakages. In addition, check toilet seats, windows, or showers for any leakages. You need to give due attention to sinks, water heaters, or boilers as well.
Always remember, the earlier you spot a water leakage, the better it is for you. Continuous leakages damage the property; it could lead to molds and other issues, which significantly add to the repair costs.
- Inspect the property before the new tenants move in
There are high chances that your previous tenant might have overlooked some minute damages, which might have transformed into severe ones lately. So, it is best to inspect the entire rental property yourself before the new tenants move in.
In addition, replace the appliances that need batteries to run, like fire alarms, etc.
No matter how costlier the property maintenance tasks might appear to you, at last, it is all justified. Moreover, it is the responsibility of the landlord to hand over a safe and risk-free property to the tenants.
- Plan for routine inspections
To successfully avoid such issues, it is best to plan for timely and frequent inspections while a tenant is staying in the house. Of course, your lease agreement will decide the time and frequency for you to make such inspections.
It presents you with an open door for examining the property frequently and thereby, take measures once you notice the slightest issues like leaking faucets.
- Hire a property management company
Managing and investing in a rental property is a year-round task. Nobody indeed likes additional monthly expenses. However, looking at the benefits, you can reap from your rental property is all worthwhile. So, the idea of hiring a professional property management company like Hore and Davies is the most viable and beneficial option for you.
Endnote
A well-maintained and upgraded rental property can attract potential tenants and also boost its resale value. So, to maximize your rental income, ensure to check your rental property for the abovementioned things frequently and promptly for any property maintenance issue to tackle your rental property immediately.
Always remember that despite costlier property maintenance repairs, the benefits and value it has to offer you make it all worthwhile for landowners.