Managing a rental property can be hard, a turn is one of the hardest things to deal with. From reviewing damage, scheduling repairs, processing a security deposit, relisting the home, and much more during this crucial period that need completed.
Hiring a property manager can make the world of difference and ease the pain of a turn.
Let’s explain further.
What is a turn?
A “turn” refers to when a tenant moves out, and another one is moving in. It can be a stressful and time-consuming stretch of time. That’s because there might be damage or necessary repairs to make and you’ll need to get a new tenant moved in ASAP in order to maximize your returns and reduce vacancy.
What needs to be done during a turn?
Your rental property turn to-do list should always include the following:
Reviewing Damage
One key aspect of the turn process is conducting a thorough move-out inspection of the property to assess any damage or necessary repairs. This inspection typically involves checking the condition of appliances, fixtures, flooring, walls, and other components of the property to identify any issues that need to be addressed before the new tenants move in. By documenting the current state of the property, you can ensure that any damage caused by the previous tenants is properly addressed and that the property is in optimal condition for the next occupants. The last thing you want is for your tenants to move into a dirty or unkept home. Your tenants first impression will be a lasting impression and will factor in their decision to renew their lease or not.
Facilitating Repairs and Upgrades
Part of the turn process also involves coordinating with contractors and maintenance personnel to schedule and oversee any necessary repairs or upgrades. This might include tasks such as patching holes, replacing flooring, fixing plumbing issues, or updating appliances. You might also take the opportunity to not only assess the physical condition of the unit but also consider a few upgrades or renovations that could enhance the property's value. This could include replacing outdated appliances, enhancing curb appeal, or painting to attract prospective tenants!
By investing in these enhancements during the turn period, you can potentially increase the overall desirability of the property as well as your rental income.
Preparing for New Tenants
You’ll also need to ensure that the property is thoroughly cleaned and ready for new tenants.
This might include tasks like deep cleaning carpets, repainting walls, and confirming that all appliances and systems are in proper working order. We recommend completing a move-in inspection with photos to document any items that need completed and to use at time of move out. Turn periods are also crucial times to review and update the rental agreement, conduct a market analysis to determine appropriate rental rates, and develop a marketing strategy to attract new tenants. You might also take this time to reevaluate the screening criteria you use for potential tenants to ensure a successful and smooth transition between occupants.
Professional Property Managers Handle the Turn For You
If the above seems like a headache and overwhelming, don't worry. A professional property management company could help!
The Benefit of Having a Professional Property Manager Cover the Turn
The turn process is complicated, to be sure. But you don’t have to go it alone.
Having a professional property manager handle the turn process for your rental property offers a wide range of benefits. From the convenience of not having to manage the details yourself to the expertise in handling repairs and preparing the property for new tenants, a property manager can save you time, money, and stress while ensuring that your property is in excellent condition and attracting quality tenants. Property managers also have connections with trusted and efficient vendors that get the repairs completed quicker at a fair price, in return, allowing your property to be available for a new tenant quicker.
Ready to rock your next rental property turn? Connect with a local Kuntz Property Group property manager to get started today!
