Towards the end of a tenant’s lease a property manager can start feeling anxious wondering if the tenant will renew or move out, the condition the home will be left in, how long it will take to find a new tenant. Property management services Charleston SC investors hire can overcome these feelings by having an organized, preplanned move out process. When property managers follow a move out process plan using the tips and tricks below, the process can be expedited which is best for everyone.
Move Out Process Planning
Property management services Charleston SC investors work with should always have a proper and planned move out process detailed in the lease. These tips and tricks will help make the moving out process and transitioning to a new tenant run smooth and efficient.
- Communicate early and often- Property managers should be talking to tenants at least 120 days before the end of the lease to determine eligibility for renewal and intent to renew. A strong lease will include a clause that tenants must sign a renewal at least 60 days before the end of their lease.
- Utilize tenant referrals- If a great tenant is moving out consider offering incentives for referring a qualified tenant that can move in within 30 days of the vacancy. If your tenant was great, the chances that their friends and family would also be great tenants is pretty good. This can also reduce the amount property management services Charleston SC companies have to spend on marketing efforts.
- Move-out prep- The more preparation a property manager puts into move out, the smoother it will go. Make sure to do an inspection 30 days before the lease ends so you can get an idea of possible damages that will need to be addressed. Before you allow the tenant to turn in their keys, schedule a move out inspection that will address any damages that will be held against the deposit, so your tenants know what to expect. Get their signatures on this inspection form. You should also schedule maintenance as soon as this inspection is completed.
The move-out process does not have to be a headache or hassle for property managers or tenants. If you own a single-family investment property, consider utilizing property management services Charleston SC offers to make the most out of your investment.
Call Scott Properties in Charleston if you need professional property management services at 843-790-4929.