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Top 5 Items to do When Any Tenant Leaves Your Rental

Dustin Edwards • June 19, 2020

When Your Tenant Leaves More Work is on the Horizon

A tenant leaving is often one of the moments that a property owner dreads. The questions start piling up such as:
 
  • What do I need to do to the property?
  • How long will it take me to find a new renter?
  • What do I need to do first?
  • What do I do about that security deposit?
Instead of looking at a tenant leaving as a laundry list of tasks, we invite you to consider that this is a great opportunity to re-evaluate and get the most from your asset. To help alleviate your fears and tackle the essential items consider key items below.

Tip #1 - Property Inspection
When your tenant leaves, even if they were the best, low maintenance tenant ever it is still important to do a property inspection upon their departure. You could use a professional home inspection company, or if you have many years of rental ownership you could do this yourself. If you are going to do this aspect yourself we strongly encourage you to be critical of your property which can be challenging. This means taking the time to check every socket, get under the sink, in the crawl space (while the water is on), in the attic and run your major systems to ensure everything is in tip-top shape. Taking time upfront to identify what could be wrong with your property can save you late calls when a new tenant arrives.

Tip#2 - Return Their Security Deposit
Remember years ago when they made that security deposit? Especially tenants who have been with you for a while you might have nearly forgotten about their deposit, but it is very important that you evaluate the property to see what can be deducted. For example items such as broken cabinets, doors, or windows that shouldn’t be broken under normal conditions can be deducted from the deposit. Items that are standard “wear and tear” such as paint and carpet can’t be deducted (exception includes deducting for a professional cleaning IF you had it professionally cleaned prior to them moving in). Timing is important as if you don’t return the allocated deposit amount (with supporting documentation if not in full) of 21 days of their move out they are entitled to a full refund.

Tip #3 - Make it Move In Ready
Many property owners dread the aspect of getting a new tenant in place as, after all, it is a new relationship you have to build upon. Don’t let the fear of getting a new tenant in place distract you from the job of making your rental move-in ready. There are many items you can do to prepare your property for a new tenant but overall the key is to make it feel “like new” so it is irresistible for someone to rent. Envision the best possible tenant walking in through the doors and smelling the fresh paint, seeing the sparking carpet and being amazed that they have the opportunity to rent your home and it will help you fix and update the necessary items for your next tenant.

Tip #4 - Take Fresh Photos
Few items are as frustrating for prospective tenants as seeing a Long Beach rental listing, visiting the property and being disappointed that it looks nothing like the pictures! Sadly we have seen many property listings use outdated photos where even the paint colors don’t match up to what is within the property. After you have spent the time to refresh and refurbish your property take the time to take new professional photos to show off the great aspects of your rental. Even if you have added small touches, such as enhancing the curb appeal, take photos that give people a great understanding of what it is like to call your rental property their home.

Tip #5 - Re-Evaluate the Rental Amount
When we meet with new clients one of the most common aspects we find is that their prior rental amount was substantially below market rate. We understand the hesitation in raising rent because the fear is you raise it and you lose a great tenant. Of course if you don’t raise it then you also aren’t maximizing the return on your investment. The key is to strike a balance between return and maintaining a strong tenant. Before listing your property for rent take time to perform a rental analysis to understand what your property could yield. This can have a big impact on your bottom line as if your rental was off by 7% (some would say not too bad) on a $2,500 a month rental; that means you were short $175 a month or $2,100 annually!

When a tenant moves out it is a new opportunity to evaluate your property, improve the condition, and even increase the yield on your investment. To find out more how we can tackle all of the 5 tips above for you and much more we invite you to call us today (562) 888-0247 and we can help. If you want to have a quick check to see how much your property could fetch in rent we invite you to fill out our Free Rental Analysis where we perform a comprehensive comparison to share your rental stacks up to the competition.

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By Dustin Edwards November 18, 2024
Be aware of these 3 common issues when the rainy season arrives at your rental property.
Cold weather can come fast and strong so it's best to ensure your property is ready for this climate
By Dustin Edwards November 12, 2024
It's important to prepare your rental properties for the colder weather. Although we don’t need to prepare for snow and freezing temperatures, we do need to prepare for the cold and rain. By ensuring your rental is cozy inside and prepared for the fall season , you can not only reduce energy costs for your tenant but also maintain your rental property value. Today, we’ll go over three signs your property is ready for this upcoming cold weather.  Sign #1 Proper Weatherproofing During the colder seasons, it's much easier for a tenant to notice any cold spots in your rental. Well-insulated doors and windows can not only help maintain the warm temperature but also prevent it from lowering. It can also prevent cold spots and drafts, which can help with tenant satisfaction . Doors and windows should be properly sealed and insulated to prevent drafts and maintain proper temperatures. A visual inspection of the weatherstripping around doors and windows to ensure they’re intact is a great place to start. If damaged, consider replacing them, as trying to seal gaps can be tricky and rarely lasts. Other seals should also be checked, as well as any areas that need to be caulked in order to keep cold air out. Insulation during the summer helps keep the cool air in, and during the winter, insulation in the halls and attics helps retain desired heat. Hot air rises, and if there isn't adequate insulation in the ceiling, heat will continually be lost. Luckily, adding insulation to an attic is not uncommon and typically only requires a day or two for installation. Sign #2 Energy Efficiency Measures During the winter, it's not just the cold you need to keep in mind. As days are much shorter, there is less sunlight to keep the rental warm and more hours of darkness. For this reason, it's a good idea to keep energy efficiency in mind when preparing for the cold weather. Energy-efficient lighting or smart lighting helps reduce overall costs since your tenant will likely use electricity to keep warm. Ensure your outdoor lighting is rated for external use, as this can provide crucial illumination during longer nights. Draft guards on doors and windows help reduce the load on your rental’s HVAC system which can significantly improve its lifespan. This is also a great time to replace filters and clean the ductwork in your rental to improve energy efficiency. Additionally, consider installing an insulative film on older windows, which helps retain heat and keep rooms warmer without the need for extra heating. If your rental has a programmable thermostat, ensure it’s in working order, as this can help tenants manage an energy-efficient heating schedule more easily. Sign #3 Property Exterior Southern California is a great place to settle down, and while we don't need to worry about snowfall or deep freezes, ensuring the exterior of your rental property is ready for the cold weather is important. With our cold season mainly bringing with it rain, inspect your rental property’s rain gutter system . Remove debris from drains and check for leaks or signs of wear and tear. Walkways should be clear of debris and well-lit. This may require you to prune and trim trees and bushes that may leave behind leaves. When combined with rainfall, a single wet leaf can cause someone to slip and hurt themselves. Consider adding non-slip mats or tape to areas where people may have tripped in the past. Much like during the hotter weather, it's important for your rental to be ready for fall and winter. By keeping your property ready for any weather Southern California has to offer, you ensure your rental property and tenants will provide steady rental income every month. If you need help preparing your rental for the cold weather or if you need help managing Beach City rental property, we invite you to call us today at (562) 888-0247 or complete our Owner Application online .
By Dustin Edwards November 4, 2024
Owning a rental property in a beach city like Long Beach, CA , offers a number of advantages, like great weather and a strong real estate market. However, the cold ocean breezes can pose some challenges for landlords and tenants, making it convenient for property managers . Although the weather is generally great, these ocean breezes can sometimes make properties drafty and uncomfortable during the fall and winter seasons. Today we’ll go over four measures that can improve tenant comfort and protect your investment from the cold ocean breezes. Weatherproofing Againsts Drafts Drafts are caused by gaps between doors and windows which can make a rental feel colder than it is. This leads to unnecessary energy use and tenant discomfort. Sealing these gaps is not difficult and quite doable for a landlord who doesn’t mind getting their hands dirty. Replacing worn weatherstripping and adding fresh caulking to seal minor gaps blocks air from permeating the property. For additional protection from drafts, you can provide your tenant with inexpensive door sweeps. Improve Heating Efficiency Having efficient heating is crucial to countering the cooler ocean breezes while keeping costs low. Schedule regular maintenance for your HVAC system , such as replacing filters, cleaning vents, and cleaning the compressor to keep it running smoothly. This not only provides more efficient heating, it also extends the life of your HVAC system. Installing a smart thermostat is another way for tenants to adjust heating schedules efficiently. Protect Outdoor Spaces Outdoor areas such as patios, balconies, and even porches can oftentimes be exposed to the coastal breezes. This can be an issue in the long run, especially for rentals next to the beach , as the wind can carry sand and salt, which can accelerate the deterioration of metals, wood, and paint. This can be mitigated by adding windbreaks to the property, such as lattice panels or outdoor curtains, to create a more comfortable and functional outdoor space. Exterior finishes will require more frequent maintenance. This includes resealing wood and metal surfaces. As well as repainting is important to protect against wear from salt, sand, and moisture. Wind Mitigating Landscaping Much like with the curtains and lattice previously talked about, the landscaping can also be used as a windbreak. For example, planting wind-resistant shrubs or trees alongside exposed areas creates a natural barrier. This helps reduce the impact of the gusts of wind hitting the property. Many native plants thrive in coastal climates while also requiring minimal maintenance. While expensive, the results can greatly improve your rental’s longevity and curb appeal. Alternatively, you can strategically place planters to provide protection. Durable Furniture Furniture and fixtures exposed to the cold coastal breezes need to be able to withstand that wear and tear. Choose resilient materials such as treated wood, powder-coated metals, and outdoor-rated plastics. These are less prone to being damaged by the salt or wind. Furniture that is lightweight should be secured or anchored in place to prevent it from being blown away. By investing in durable furnishing, you can provide tenants with a comfortable and functional outdoor space for years to come. Protecting your beach city property from the cold ocean breeze doesn't necessarily require extensive renovations or investments. Try to focus on any relevant feedback from your tenant, this can help you pinpoint what part of your rental needs attention. If you need additional help protecting your rental property from the cold ocean breezes or if you need help managing Beach City rental property, we invite you to call us today at (562) 888-0247 or complete our Owner Application online .
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