Common rental home clean out mistakes can wreak havoc in more ways than one. Owning a rental property can be a great real estate asset investment, and, create a passive income stream. However, there are several pitfalls that can easily turn what would otherwise be a great investment into a money pit.
The reality of owning a rental property is there will be vacancy periods. Experts advise rental home owners to have at least three to six months of cash reserves on-hand each and every year. When the property is empty, it won’t (by definition) be generating an income. Which means one big, gigantic mistake is to rush.
At some point in your time as a landlord, you will be faced with an empty or half empty unit, wondering where your tenant is. Perhaps it’s because you served the tenant with an eviction notice and you think they’ve moved out in the night to avoid further action. Or, another possibility is that the tenant simply wanted out of the lease and the rental property and just broke it. Either way, you now have what you think might be an abandoned rental property. However, proceeding as if the tenant is long gone can be a costly mistake for you. --RentPrep.com
If you experience a vacancy (which is inevitable) take the opportunity to really spruce up the place as much as possible. The better it looks and the more function it provides, the less time it will stay empty.
The good news is, practically any rental home can be put into showable, livable condition with a little elbow grease and TLC. But, you can't undermine yourself. (Unfortunately, too many rental property owners do just that.) Here are the top rental home clean out mistakes to avoid:
If you need a rental home clean out done, just phone 800-737-5923 or visit Pro Junk Dispatch.
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