Real Estate Information Header

Prepare Your Rental Property for Occupancy


Among your many responsibilities as a landlord, the law provides for a warranty of implied habitability. This means that the dwelling must be considered habitable and any known problems must be fixed before you allow a tenant to take occupancy.

When a tenant vacates one of your units, take this opportunity to perform a walkthrough of the unit to determine its condition and discover what repairs or maintenance need to be done. Here are some of the specific areas that you will need to examine in your property before you accept a new tenant.

Do all the fixtures work properly? This includes faucets, showers, tubs, toilets, and any other fixtures. Make sure that the fixtures do not leak and that they consistently operate correctly. Address any leaks or other problems before you rent out your property. If a fixture is consistently causing problems, it may be easier -- and even cheaper -- to replace it to avoid future problems. In addition to providing quality fixtures for your tenants, repairing leaky fixtures can also reduce your water bill. If you pay for your tenants' utilities and water, this can mean substantial savings.

Have the carpets been thoroughly cleaned? Mold, mildew, and pet stains are considered health hazards, and such problems should be completely resolved before you rent out your property. Diseases such as toxoplasmosis, which is normally found in cat urine stains, can be deadly. Proper cleaning of your carpets will ensure that that your tenants will have a healthy environment. If the carpet has mildewed or there is a mold problem, you may need to replace the carpet.

Have the cabinets, closets, and storage areas been completely cleaned? Mildew and mold can lurk underneath cabinets, especially if you have had a problem with leaky fixtures. You may have to replace a cabinet if the damage is severe.

Closets are one area that tenants frequently neglect when they vacate a property. Make sure that these areas are completely cleaned and that any forgotten property is handled appropriately. You may need to track down your previous tenants to notify them that they have abandoned their belongings. Set a specific reasonable response time, and if they do not respond in that specific amount of time, you may then discard the property. Are the walls free of chips, marks, and holes? Depending on the length of the previous tenancy, you may have to repaint the unit. Any existing holes should be fixed before you rent out the property. If you do not plan to repaint, examine the condition of the walls carefully and make notes so you do not hold your new tenant liable for damage caused by someone else. At a minimum, you should patch any obvious holes.

Do all of the appliances operate properly? Old appliances waste lots of energy, which is a consideration for landlords providing free utilities to their tenants. Replacing old appliances with new models will save you money on energy and repairs and maintenance. Your tenants will appreciate the newer appliances, and your electric or gas bills should be lower as well. Does the unit have lead paint? Most properties built after 1978 do not have lead paint. But if your property was built before that, you need to determine if it contains lead paint. If it does, you must disclose this to your prospective tenants before they move in.

Do all of the doors and windows operate properly? Check all of the doors and windows of your property to make sure that they open and close properly and that they are in good working order. This includes cabinetry, patio doors, and windows.

Neda Dabestani-Ryba is a licensed Realtor in Maryland. She is a member of the President's Circle of Top Real Estate Professionals. She can be reached at (800) 536-3806 or visit her website for more information: http://neda.dabestani.pcragent.com/ Prudential Carruthers REALTORS is an independently owned and operated member of Prudential Real Estate Affiliates, Inc., a Prudential Financial company. Equal Housing Opportunity.


MORE RESOURCES:

Target rejects Pershing's proposals on real estate structure
MarketWatch - 23 hours ago
Ackman had proposed that Target spin off the land it owns into a real estate investment trust in a bid to boost the company's value. ...
Target Corp. Won't Pursue Pershing Real-Estate Plans Wall Street Journal
Target rejects Pershing's real estate proposal Reuters
Target rejects Pershing's real estate proposal Bizjournals.com
WELT ONLINE - Reuters UK
all 414 news articles


Real-estate agents to buyers: Can we talk?
Seattle Times, United States - 12 hours ago
In the rapidly changing real-estate world, savvy agents say they're busy, not necessarily with customers, but with keeping up with the changes so they can ...
Slow housing market means more hours, more expenses for agents Seattle Times
all 2 news articles


Web sites offer real estate agent rankings
The Associated Press - 15 hours ago
LOS ANGELES (AP) — Word of mouth is one of the most common ways homebuyers and sellers find a real estate agent. Now, there are several Web sites that tout ...


NAR, REAL ESTATE CHANNEL Create Online News Partnership
MarketWatch - Nov 21, 2008
RealEstateChannel.com) is pleased to announce today that the NATIONAL ASSOCIATION OF REALTORS(R) has become a regular content contributor to the REAL ESTATE ...
Realtors content on Real Estate Channel Bizjournals.com
all 12 news articles


Real-estate investment firm fights to stay afloat
Arizona Republic, AZ - 18 hours ago
22, 2008 12:00 AM Last week, Phoenix-based real-estate investment firm Right Place Properties spent investors' money to purchase multifamily housing units, ...


Washington Times

Hypo Real Estate Gets EU20 Billion Guarantee From Rescue Fund
Bloomberg - Nov 21, 2008
21 (Bloomberg) -- Hypo Real Estate Holding AG, the German property lender bailed out by the German government and financial institutions last month, ...
Hypo Real Estate to receive euro20 billion loan The Associated Press
1-Hypo Real gets 20 bln euros in govt guarantees guardian.co.uk
DGAP-Adhoc: DEPFA Deutsche Pfandbriefbank AG: SoFFin grants EUR 20 ... Ad-Hoc-News (Pressemitteilung)
all 119 news articles


Reuters

Citigroup says commercial real estate bigger issue now for banks
Reuters - Nov 21, 2008
(Reuters) - Commercial real estate is becoming a bigger issue for US banks after the Treasury decided that funds under the Troubled Asset Relief Program ...
United States: Potential Real Estate Opportunities Under TARP Mondaq News Alerts (registration)
That Money Isn’t Leaving the Vault New York Times
all 37 news articles


Real estate group backs sick leave law challenge
Bizjournals.com, NC - Nov 21, 2008
Fearing a flight of businesses from the city of Milwaukee, leaders of a major organization of commercial real estate professionals have voted to support the ...


Real estate trophies on hold
Bizjournals.com, NC - 19 hours ago
A host of high-profile commercial real estate projects are having trouble getting off the ground in Houston. The economic downturn and national financial ...


Real estate recovery not seen until 2011
Seattle Post Intelligencer - Nov 21, 2008
By AUBREY COHEN That was the main message of the Seattle Urban Land Institute's Emerging Trends in Real Estate breakfast Thursday. ...
Seminar to give development overview Bizjournals.com
all 5 news articles

Real-Estate - Google News

General Real Estate Information HomeHome ContactContact
Real Estate Information © 2006