Here are some valuable guidelines and strategies to help facilitate the smooth transformation of your property investment into a rental home for prospective tenants.
Check that all utilities (water, electricity, gas) are functioning properly and ready for occupancy. Inspect and service heating, ventilation, and air conditioning (HVAC) systems to ensure optimal performance. Check kitchen appliances, such as stoves, refrigerators, and dishwashers, are in good working order.
Ensure your property is clean, tidy, and in good condition. Address any necessary repairs, such as leaky taps, faulty electrical outlets, or damaged flooring. Window and deep carpet cleaning and even fresh coat of paint can significantly enhance the appeal of your property.
Street appeal is crucial for attracting tenants. Maintain your property's exterior, including landscaping, walkways, and entrance areas. Ensure that any common areas are in reasonably good condition.
Recording handy tips that are relevant to your property such as lock codes, rubbish/recycling collection days, neighbours details, favourite hotspots in the area or any other useful information will be very helpful for tenants.
The healthy homes standards set minimum requirements for heating, insulation, ventilation, moisture control, and draught prevention in rental properties.
Suitable landlord insurance is recommended to protect your property from potential risks and liabilities. Regularly review your coverage and ensure it aligns with your property's needs.
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