Property Management, Tenant Selection, Real Estate News & Tips

How to Save Money During Tenant Turnover

By on December 10, 2014 in Education with 0 Comments

No matter how much you screen your tenants, the truth of the matter is, landlords will probably spend some time cleaning up after tenants when they vacate a rental property.  But a little elbow grease is nothing compared to the cost of having to replace damaged property.  Whether the result of bad tenant behavior or normal wear and tear, dealing with damage costs time and money!

 To help landlords save time and money between tenants, we compiled a list of easy steps you can take to protect your investment property.

 Say Goodbye to Carpet

Carpets are easily stained or ruined by negligent tenants or pets.  Even after an expensive carpet cleaning, there can be lingering smells and stains – like Dulcey experienced in one of her properties.  Rather than replacing carpets every few years, try installing more durable flooring like tile, laminate or vinyl.  These materials are easier to clean and can last longer in a rental property.

 Paint with a Satin Sheen

 Interior paint with a satin sheen provides a slightly reflective surface but is excellent at resisting mildew, dirt and stains, lowering the need to repaint walls in between tenants.  Other great types of paint for rental properties include semi-gloss or gloss sheens, which can both tolerate getting scrubbed cleaned.

 Simplify Your Landscape

 Luscious lawns and colorful flower beds may increase your property’s curb appeal but the upkeep to maintain the beauty costs time and money.  If your tenants don’t maintain the grounds, you could spend a lot of repetitive hours re-planting flowers or reseeding a lawn.  Unless you plan to always renting to a master gardener, skip the high maintenance outdoor space for simple, easy-to-manage options.  Landlords can also consider including yard maintenance in the monthly rental fee.

 Monitor Important Appliances

 Service large appliances regularly to prevent damage from poor operation.  Trying to save money on appliances can cost you more in the long run when something eventually breaks or requires emergency maintenance.

 Preventing property damage by installing low maintenance fixtures can make turnovers between tenants easier to manage and less expensive.

Bonus:  Other tips to help keep your properties sparkling during tenancy.

  •  Schedule routine inspections every season.  Check in with your tenants and inspect the unit to make sure everything is in working order.  Remind your tenants to keep up with seasonal maintenance.
  •  Provide a small cleaning kit upon move-in- all purpose cleaner, bleach and sponges are good items to include.  Giving your tenant a welcome package at the beginning of a lease is a great way to establish a good relationship with your tenant from the start and including cleaning supplies helps empower your tenant to keep the property clean.  A clean house will help your tenants notice maintenance issues faster and can help prevent pest problems.
  • Take maintenance request seriously and respond to them quickly to prevent costly repairs -fixing a leaky sink is much more affordable than replacing the floor due to water damage.

What are some other improvements you have made to your rental property to prevent expensive tenant turnovers?


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About the Author

About the Author: Kaycee manages marketing and media relations for Rentec Direct, bringing a unique perspective to the world of property management and proudly shares industry news, products, and trends within the community. .


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