What to Know about Residential Rental Property Clean OutThe 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 you’ll be quite eager to get a tenant in and paying rent as quick as possible.
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.comNow, if you have a messy rental home property and the tenant left a bunch of junk behind, you might be tempted to simply rent a dumpster and throw it all out. But, even if you could legally do this, you shouldn’t and here’s why. First and foremost, when you rent a container, you must order the right size. Too small and you’ll need to rent it again. Too large and it’s wasted space you paid for.
Top Gilroy Residential Rental Property Clean Out MistakesNow, let’s quickly go over the top residential property rental home clean out mistakes so you know what to avoid:
- Throwing away personal possessions. Okay, so we’ve hit on this point a couple of times. But, it definitely bears repeating. Gather up all the tenant’s possessions and place them in storage. (Don’t worry, you can bill the tenant for the storage fee.)
- Not making all the needed repairs. When the tenant leaves, this is an opportunity to make improvements to make it more appealing. And, to help bring up the standard of living, as well as the appraisal value.
- Failure to document its condition. Right after a tenant vacates the rental property, it’s really important to document its condition. Take plenty of photos and jot down notes, as well.