Property Management Brainstorm Five Minute Friday #8: Getting My Property to be Rent Ready
What does it mean to get a property ‘rent ready’? Are we talking a fresh coat of paint? Replacing the carpet? New appliances? There are a number of things we can do to ensure a property shows well and puts its best foot forward, so to speak.
On this episode of Five Minute Friday, Bob explains what it means to make a property rent ready, describing the repairs, cleaning, deferred maintenance and upgrades that can make a rental more attractive to prospective tenants.
Bob goes on to discuss North County Property Group’s general contracting arm, sharing the benefit to having a database of reliable vendors and subcontractors. Listen in for Bob’s advice to homeowners renting a property for the first time and learn how to make a property safe, secure, livable—and rent ready!
Topics Covered
[0:38] What it means for a property to be rent ready
[0:49] The problem with listing homes as ‘coming soon’ for too long
[1:01] Doing repairs, cleaning and deferred maintenance to make a property rent ready
[1:12] Examples of common upgrades that make a rental attractive to prospective tenants
[1:29] Where to go for more information about adding value to a property with smart home devices or automation technology
[1:44] North County Property Group’s general contracting arm and maintenance company, MaintenanceSync
[1:19] North County’s extensive list of vendors and subcontractors
[1:56] Examples of the various tradespeople you might need to help get a property rent ready
[2:30] How North County serves as the project manager on rent ready work for its properties
[2:39] How owners benefit from a property management team that does its own general contracting work (and vice versa)
[3:03] Bob’s advice for homeowners renting their property for the first time
[3:28] The idea of a stabilization period when new tenants raise concerns over things homeowners had learned to live with
Connect with Bob
Resources Mentioned
This episode is always available for listening, sharing, or download at Property Management Brainstorm. Subscribe to Property Management Brainstorm on Apple Podcasts,
Connect with Bob Preston
https://www.propertymanagementbrainstorm.com/
This episode is always available for listening, sharing, or download at Property Management Brainstorm. Subscribe to Property Management Brainstorm on Apple Podcasts, Google Podcasts, Stitcher, Spotify, TuneIn, iHeart Radio and YouTube.