Your Property... Our Priority
Managing Tenant Vacancy Rates
MOVE OUTS/INS
When a tenant gives notice to quit, we end a move out list to tenant outlining tenant responsibility regarding unit condition with price list for noncompliance such as appliance cleaning, carpet replacement, wall repairs, painting, etc.
We begin the new tenant search and have a work plan in place to get the unit ready for the new tenants.
Our in-house maintenance crew means no downtime waiting for a contractor scheduled to clear and also assures the most competitive labor costs.
We set up a statement of condition document with photos for the new tenant to sign and collect: FIRST, LAST & SECURITY DEPOSIT to sign the new lease.
We then do a walk-through to determine if the unit can be relet without any loss of income. This would be a best case scenario. The larger a security deposit we can get, the more likely it is to happen.
LEASE RENEWALS
It’s very important when leases are renewed to make sure that rents reflect the local market. Small yearly increases are easily absorbed but neglected for several years can become difficult or impossible to catch up without creating bad feelings. Remember one dollar a month increase in rent adds approx. $96 to the value of your building.
INSPECTIONS
We do a yearly inspection of each unit to coincide with time changes when smoke/CO2 alarm batteries can be changed and a general inspection of the condition can be carried out.