PM - How to Prepare Your Property for Rental?
Some Tips On How To Prepare your Property For Rental
A well-presented property in the market shines out and attracts like-minded tenants. Under the Victorian Residential Tenancies Act, landlords are responsible in presenting property in safe, clean and occupy able condition. This also helps to boost a better rental income, attract quality tenant and a less stress free leasing process. Here as some key points to look into.
1. Structural Checks for Safety Occupation
If you plan to lease an aged property these checks are compulsory to ensure a smooth leasing procedure.
– Roofing
– Piping (crucial if it is a two or more storey building)
– Gas & electricity connections
– Flooring
– Wall conditions ( stability, damages, mould)
– Pest damages
2. Service of Appliances , Heating & Cooling
Tenant has right to dispute a signed lease if safety measurements are being neglected. This serves as an important tick for your insurance claim as well. Areas to look into are: –
– Smoke alarm servicing
– Swimming pool safety checklist
– Electricity safety
– Doors & Windows function able
– Pest Control
3. Safety Measurements
Tenant has right to dispute a signed lease if safety measurements are being neglected. This serves as an important tick for your insurance claim as well. Areas to look into are: –
– Smoke alarm servicing
– Swimming pool safety checklist
– Electricity safety
– Doors & Windows function able
– Pest Control
4. Fixing Any Damages
If there is something that is damaged in the property , it need to be fixed before a tenancy begin. Presenting the property in a good standard will help to educate tenant to maintain and leave it in good condition when they vacate the property.
5. Cleaning Inside & Outside
A fresh clean home is what tenant anticipates before moving in and is a prerequisite before start of a lease. It also set a benchmark as to how the property needs to be handed over when tenant vacate. Cleaning covers inside and outside of the property (backyard & frontyard). Invest on a professional cleaner and gardener who will do a detailed cleaning on
– Carpets
– Wall
– Flooring (timber and tiles)
– Window fittings
– Kitchen appliances
– Windows
– Gutters
– Mould removals
– Bathroom cleaning
– Bin cleaning
– Trimming of overgrown trees
– Lawn moving
– Weed removals
– Pressure cleaning
6. Minor Renovations Can Create a Huge Impact on Your Rental Income.
A fresh coat of paint, fixing an additional air conditioner or some garden improvements can give that wow feeling when a tenant walk in for an open inspection. Your property manager will be able to provide the best cost effective improvements to gain some extra rental income and to add values to your property.
7. Utility Connections
Ensure all your connections such as gas , electricity, internet, alarm has been deactivated before the start of tenancy. Speak to your Property Manager before terminating the utilities.
8. Insurance
Inform your insurance company that you will be leasing the property and arrange for a landlords insurance. This insurance will come in very handy during unforeseeable situation such as loss of rents or damages.
Contact us at 0469588079 or drop us an email at [email protected] should you need any further assistance in getting your property leased. At RAM International, we provide free consultations for investors on market appraisals, leasing and investment properties. We help you build your wealth by providing best in class service.
