One of the most critical aspects of Palm Springs, California, property management is tenant turnover. This refers to how long it takes tenants to vacate the property after their lease ends and how quickly landlords can find new tenants and move them in. Property owners benefit from a short turnaround time between tenants because that means fewer days without rental income!
How long should a standard turnaround take? Keep reading to learn what it takes to get a property move-in ready, why a fast turnover is essential, and who you can trust to help improve your make-ready time.
Once a property owner receives notice that a tenant is moving out, the turnaround process can begin. Property management companies recommend some critical steps to complete a make-ready process that takes care of every detail without leaving your property empty for too long. These steps include:
This process takes a lot of work and coordination. If these tasks seem daunting, contact a Palm Springs property management company to take these tasks off your plate and get your real estate investment property ready between renters.
What can make your rental-ready process take too long? Here are some factors that lengthen (or shorten) turnaround times:
However, keeping up with small upgrades and routine maintenance during a lease term can help reduce the time your property stays vacant between renters. Work with a property manager to develop a proactive maintenance plan that reduces costs and minimizes income loss!
When performing a turnaround, speed is vital. When a house is sitting empty, a property owner loses rental income. While there is no "standard" turnaround time, your property shouldn't sit empty for more than a couple of weeks between renters to maximize your annual income. Being quick and efficient during this process helps you see that first new resident's rental payment sooner, but be careful not to cut corners to get a property ready faster.
Skimping on low-cost repairs or rushing through a paint or cleaning job can leave unsafe conditions for your new renter on move-in day.
A Palm Springs, California property management company can help you alleviate the burden of property upkeep and a successful make-ready process. Professional property managers are knowledgeable about best practices and know how to find reputable vendors.
If you're struggling to coordinate vendors and schedule repairs without delaying your next renter's move-in day, reach out to a residential property management services company to handle the logistics of preparing a property for a new lease term. When searching for a property manager near me, choose the best local property managers to reduce the turnaround time and ensure the property is in top condition for new residents!
There are a lot of moving parts when putting together a speedy and effective make-ready process. Don't miss out on lost revenue trying to do it on your own without the right help. Contact McLean Company to talk about our process and learn more about our property management services!