Updated February 3, 2022
Vacancy time in between tenants is inevitable. There will always be some lag time for a landlord or property management company to prepare residential properties for the next tent. However, since there will be no rent collection during this downtime, reducing the turnaround time makes good financial sense.
Different properties require specific processes depending on their location and condition. The best property management Indio, California offers recommends a standard make-ready process to shorten vacancy cycles and get back to regular monthly rent collection. So how can real estate investors reduce turnarounds times? Here's what you need to know!
What Does a Turnaround Process for an Indio, CA Property Include?
The rental-ready process for residential properties will differ in some cases depending on the length of time the previous tenant was in the rental property or the types of wear and tear that happened during the lease term. However, most successful property owners find that it helps reduce vacancy times to have a standard process when preparing a rental for a new resident.
Full-service property management experts recommend a few standard steps to have in place:
When this process is quick and efficient, a new tenant moves in soon after your previous renter moves out, and rent collection resumes with as little downtime as possible.
Property managers will tell you that if you don't have a system in place, it leads to lengthy downtimes, unnecessary confusion, and more lost rental income. Any delay in getting the property ready costs you money and could give the next tenant a terrible first impression of what's in store for them in their new home.
What are some of the issues property owners incur when not having a system in place? Problems like these are more than a nuisance when they affect your bottom line:
A standard make-ready process helps minimize these issues to keep residents safe and happy from the day they move in!
The extra effort to put together a standard make-ready process can save time and money. Make sure to include these items:
Trust Indio, CA property managers when we say a standard checklist minimizes mistakes and streamlines the process for property owners!
Getting a rental property ready between tenants can be a tedious and time-consuming process without the right help. If you (like many property owners) are short on time, it might be time to partner with one of the best local rental management companies to make sure your rental unit is ready for the next tenant.
The best Indio property management companies process the turnaround time efficiently and effectively because they do this routinely for Indio-area investors!
Now that you understand the importance of minimizing the turnaround time between tenants make sure you have the right strategy in place. McLean Company specializes in Indio, California property management with strategies to reduce stress and make more money for real estate investors! Reach out to learn more about how our residential property management services reduce turnaround times for property owners.