Rent Ready Home. What does it mean?
A rent ready home is the most important aspect of marketing a vacant rental property. A rent ready home has a clean interior, landscaping recently trimmed, fresh paint, new/newer carpet and everything in good working order. In addition, the home should be readily available for viewings, priced at market and advertised with professional photos.
Properties that are not “Rent Ready” when they are placed on the rental market tend to be slower to rent and attract renters who are willing to settle for less than top quality. These renters may also treat the rental properties with less care and concern.
A rent ready home should secure a quality Tenant in 7-10 days.
In addition, quality renters typically can’t envision what the property will look like after we do this or that…telling the prospect we’re going to be painting, or going to be replacing carpets is virtually useless. The first impression of a vacant property is the lasting impression of that property. Take care of the basics: fresh paint, clean floor coverings, functional window blinds, trimmed landscaping and everything in good working order. The results are always much better when marketing a rent ready home!
Getting a property rent ready:
1. Curb Appeal. Curb appeal is is how a property looks from the street. If the property does not look good from the outside then we may not get applications. Professional landscapers should cut the grass, trim the bushes, prune trees back and pressure wash the driveway (if needed).
2. Carpets professionally cleaned or replaced. Having the carpets professionally cleaned will make them last longer and make the inside of the home look better to prospective tenants. If the carpets cannot be cleaned it is best to replace.
3. Professional cleaner. Get a professional top-to-bottom cleaning of the home before showing. Professional cleaners can get every area of the property clean–fan blades, ovens, baseboards, and places that many landlords would forget to clean themselves. This is important because tenants expect their rental property to be clean before move-in.
4. Fix Holes and Paint. Repair any holes in the wall and paint the property if needed. This will make it show better and remember: showing better means that you’ll be able to ask a higher market price for the rent.
Getting a home rent ready will help command the highest market value which will over time provide the greatest “ROI” or return on investment.