Tip #241: Set the Stage
Knowing what to do at turnaround time is crucial if you want to keep your costs down.
Checking the condition of the property is a must for two reasons:
You discover hidden damage while there is still time to deduct costs from the former tenant’s security deposit; and,
The new tenant won’t lose faith in you because the unit needs several repairs right out of the gate.
So, when it comes time for turnaround, make sure you take the time to thoroughly check out the property:
If possible, ask the exiting tenant to point out any minor repair items they may have been ignoring.
Check out the deadbolt locks on all exterior doors and look for signs of damage or wear.
Turn on all lights and replace any dead bulbs. This may reveal bigger problems like tripped breakers or other electrical problems.
Make sure the appliances are fully-functional.
Open up the blinds and check for damage to windows and sills.
Replace batteries in smoke detectors.
Check the water pressure.
Run the heat and air. Make sure thermostat is at an economical setting while the property is vacant.
Looks for signs of water leaks. Check floors, around facets and drains, and washing machine hoses.
Check for signs of pests.
Use this time to repair the minor items that can run up larger repair bills later on.
See last week’s Landlord Quick Tip.
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