Does Property Condition Matter? – Charlotte Property Management Experience says:
Some rental owners are what we call accidental landlords who end up renting a property because they couldn’t sell it for one of numerous reasons. In these situations, money is often an issue. Even on a budget, it’s important ready the home for another family to move in as a rental.
Charlotte Property Management: Make it Look Nice
We have found that many of the owners in these situations know of cosmetic issues but they don’t want to spend the money to fix them. The most common issues are carpet stains and wall marks. Frequently there are other items that need attention that the need attention but it did not bother the owner while living there. However, most likely it will bother a prospective tenant. Too often, these owners don’t want to spend the money to address these issues, and they want to rent the property as-is. It may seem like you’re saving money with this approach, but the reality is that its not.
Charlotte Property Management: Everyone wants a quality Tenant
The reality is that Property Condition and quality tenants go hand in hand. Think this through carefully. You want to consider the tenant who would be willing to rent the property in as-is condition. It’s not likely that they have good standards themselves or they will have the mindset that the owner does not care so why should they. Our Charlotte landlord advice is simple: deliver a product in great shape to get the highest possible rent and quality tenants. The investment you make on those cosmetic repairs will be well worth the money and the time.
Charlotte Property Management: Holding Tenants Accountable
We require the tenant to return the property in the same condition it was delivered to them, and we hold them accountable, as we should. So it’s important to do the right thing and present a property that the tenant is proud to call home. If you want to get the home returned to you in excellent condition, you need to make sure the home you hand over to the tenant is in excellent condition. We have even created a document to be signed by all parties that are specific about what is and what isn’t normal wear and tear.