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The Property Manager’s Cycle of Life: Rent Ready

Real Property Management Coeur d’Alene knows the leasing cycle from rent-ready to lease renewal. We are experienced in the market, turn over, and advertising to make it happen. An important first step in that cycle is having your property what we call “rent ready.” When you understand what rent ready is then it will cost you valuable time in the turn in process and renting the property so that vacancy days are minimal. Real Property Management in Coeur d’Alene, Idaho takes the steps to prepare a rental property before it is ever shown to prospective tenants or even advertised will have greater rental success.

When a unit is vacant, we timely make sure to have the property re-keyed. Often a legal requirement in many places. It keeps your future tenants safe from theft and unwanted guests. One of the top priorities of being a landlord is the safety of your tenants and making a property “rent ready” means these safety precautions are done before a tenant moves in. Changing the locks is a important safety precaution for you and your prospective tenants, even when the property is vacant to detour squatters or unwanted guests. Lastly install a lock box that holds the key for the convenience of future showings with leasing agents.

While you have a vacant property it is the ideal to perform any repairs and/or remodels you have to do. This includes any outdoor or indoor work, and anything that might have been destroyed by the previous tenants. One thing to plan accordingly is clean up after repairs.  One can not always depend on contractors to do deep cleaning after the project is finished, so you may wish you postpone maid service till after repairs are finished to ensure your property is being show at its greatest potential. Keep the utilities on so that prospective tenants can really see what the property looks like in any weather and at any time of day and in a warm comfortable environment. Always remember safety and take care of any broken windows, mold, broken locks, and exposed wires.

Before you set that rent rate, Real Property Management Coeur d’Alene can complete a rent market analysis to determine the best rental rate for your specific location and unit. When your home is professionally cleaned and all appliances checked and in working order, you are “rent ready” to continue in the property manager’s cycle of life

Finally, take a good look at your property from the curb. Does it have that curbside appeal that will give the positive first impression you want. Just a little initial effort will make a big difference towards your leasing your property quickly and ensuring your investment is giving you a return.

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.