What does it mean to be Rent Ready?
Rent Ready is a property management term that describes a property in the last stage of a turn-key cycle. At this stage, all of the repairs and preventative maintenance are complete, and the house is clean and almost ready for a new tenant. I say “almost ready” because we like to save the final clean and re-keying of locks until a lease is signed (more about this later).
Benefits of Rent Readiness
Homes that are “rent ready” enjoy many benefits over properties where important details have been overlooked. Rent ready properties attract better tenants, rent faster, have fewer maintenance requests, and less security deposit disputes. Yet, with all of those advantages, we encounter many landlords who want to settle for less. For whatever reason, they are satisfied with the status quo and willing to accept the first tenant who signs a lease.
You’re A Landlord AND A Handyman?
I can’t tell you how many landlords we encounter who don’t see the added value of hiring a professional. They think they can save money by doing it themselves.
Ahhh… the do-it-yourselfer. We hold them dearly in our hearts. Our team has watched enough HGTV to think we can turn a fixer-upper into a dream home. Heck, some of us have attempted to do just that. But, as much as we love Chip and Joanna, our reality often looks more like “The Money Pit.”
Jennifer is a third-generation property manager in Atlanta, GA. She has over 15 years of experience buying, selling, rehabbing, and leasing properties.