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Getting your property ready: First time landlords

By: Kelly Bellerson

From making necessary repairs to adding personal touches, here’s a what you need to know about preparing your property for tenants.

Becoming a landlord for the first time can be an exciting venture, but it also comes with its fair share of responsibilities.

One of the most crucial aspects of being a landlord is ensuring that your property is in top condition and ready to welcome tenants.

Clean and declutter

Before showing your property to potential tenants, give it a thorough cleaning. Dust, mop, vacuum, and scrub every nook and cranny to ensure a fresh and inviting atmosphere.

Decluttering is equally important; remove any unnecessary items or personal belongings to make the space appear more spacious and appealing.

Make necessary repairs

Inspect your property for any repairs that need to be addressed. This may include fixing leaky faucets, repairing broken appliances, patching up holes in walls, or replacing worn-out carpeting.

Addressing these issues upfront not only improves the overall condition of your property but also prevents potential problems down the line.

Paint and refresh

A fresh coat of paint can work wonders in rejuvenating your property’s appearance. Opt for neutral colours that appeal to a wide range of tastes and preferences.

Additionally, consider refreshing the space with new light fixtures, cabinet hardware, or window treatments to add a modern touch.

Ensure safety and security

The safety and security of your tenants should be a top priority. Install smoke detectors and carbon monoxide alarms in accordance with local regulations.

Make sure all doors and windows are equipped with secure locks and consider installing a security system for added protection.

Check electrical and plumbing systems

Inspect the electrical and plumbing systems to ensure they are in proper working order. Replace any outdated wiring or plumbing fixtures to minimise the risk of potential hazards.

It’s also a good idea to have these systems professionally inspected to identify any hidden issues.

Set clear guidelines

Establishing clear guidelines and expectations for your tenants is essential for a smooth landlord-tenant relationship.

Create a comprehensive lease agreement that outlines rent payment schedules, maintenance responsibilities, and any rules or regulations specific to your property.

Consider furnishing options

Depending on your target demographic, you may choose to furnish your property either partially or fully.

Furnished properties can attract tenants who value convenience and are willing to pay a premium for move-in-ready accommodations.

However, keep in mind that furnishing your property requires additional investment and upkeep.

Market your property effectively

Once your property is ready for tenants, it’s time to start marketing it effectively. Take high-quality photos and create detailed listings that highlight the property’s features and amenities.

Utilise online rental platforms, social media, and word-of-mouth referrals to reach potential tenants.

Screen tenants carefully

Screening prospective tenants is crucial for finding reliable individuals who will treat your property with respect.

Conduct thorough background and credit checks, verify employment and rental history, and contact references to ensure a trustworthy tenant-landlord relationship.

Be responsive and professional

As a landlord, it’s important to be responsive to your tenants’ needs and concerns. Address maintenance requests promptly, communicate clearly and professionally, and strive to resolve any issues that arise in a timely manner.

Building a positive rapport with your tenants creates mutual respect and encourages long-term lease agreements.

Why these steps are important

By following these steps and investing time and effort into preparing your property for tenants, you can set the stage for a successful and rewarding experience as a first-time landlord.

Remember to prioritise the comfort, safety, and satisfaction of your tenants, and you’ll be well on your way to building a thriving rental property business.

How can we help?

We can conduct thorough inspections on your behalf to identify any structural issues, safety hazards, or maintenance needs within the property, ensuring compliance with building codes and regulations.

Additionally, we can provide valuable advice on any necessary repairs or improvements your property may need, potentially improving its appeal and rental value.

From recommending upgrades to plumbing or electrical systems to assessing fire safety measures, our expertise ensures that the property is in optimal condition for occupancy, helping to equip first-time landlords with the knowledge and confidence needed to successfully prepare their property for leasing.

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