![]() ![]() The process of transitioning a vacating tenant out of a property and a new tenant in can be easy, fast, and stress-free - if you know what you’re doing. The Importance of a Tenant Move-Out Checklist If our client is responsible for any of the repairs, we make sure to get their approval on the vendor bid before work gets underway. Once we’ve identified any issues with the property and determined who is responsible for repairing them (the owner or the previous tenant), we put through a work order and schedule the contractors necessary to complete the repairs. We take as many photos of the property as necessary (typically a few hundred) and then compare them to the photos of the pre-move-in inspection to determine if the damage was preexisting or is the responsibility of the vacating tenant. During this process, we’re looking for any damage to the property. Once the tenant is completely moved out of the property (either the day they move or the day after), we’ll do a thorough walk-through and inspection of the property. Prior to tenant move-out, we make sure that all utilities have been transitioned out of the tenant’s name (that way, tenants that move out aren’t responsible for any costs of maintaining the property after they move, and new tenants have all the necessary utilities up and running as soon as they move in). This ensures there’s plenty of time to screen quality tenants to move into the rental property and minimizes the amount of time each rental stays vacant. ![]() List the Property and Begin Screening New Tenantsģ0 days before move-out, we list the property. We send them a checklist that breaks down the move-out process, what condition we expect the property to be in, how to prepare the property for move-out, and important dates to put on their calendar (like the final inspection date). We also contact the tenant to let them know we've received their notice to vacate and to get the ball rolling on the transition process. Contact Tenant and Send Move-Out Checklist Once we have that notice, we notify the owner immediately to let them know the tenant will be leaving and what they can expect from the process. To give you an idea of how smooth a tenant transition can be, here’s a look into LEAP’s process for transitioning tenants in and out of rental properties for our clients: 45-Day Notice of Intent to VacateĤ5 days before a lease is set to expire, we get a notice of the tenant’s intent to vacate the property. Now that you know how much time to give yourself to transition tenants, let’s talk about what a smooth tenant transition looks like. Ten business days is plenty of time to get competitive bids for any repairs you might need, schedule contractors, and account for any scheduling conflicts or potential issues you may have missed. Ideally, you want to give yourself 10 business days between your current tenant’s move-out day and your new tenant’s move-in day. There are so many owners and property managers out there who try to transition between tenants way too quickly - and the end result is a frenzied transition where things get missed, projects don’t get completed, and no one (not you, your old tenant, or your new tenant) is happy with the process. Here is our tenant move-out checklist that will ensure you get your old tenant out - and your new tenant in - as quickly, easily, and free of hassle as possible: First Things First: Give Yourself Enough Timeīefore we dive into the move-out checklist, there’s one major thing you want to keep in mind when it comes to transitioning between tenants - and that’s giving yourself enough time to manage the transition. And if you don’t do your due diligence during your move-out inspection, your new tenant could find an issue with your property - and repairing that issue won’t be covered by your previous tenant’s security deposit.īut how, exactly, can you ensure a quick, efficient, and successful transition between tenants? The Essential Tenant Move-Out Checklist for Landlords ![]() ![]() If you don’t get your departing tenants their security deposit in a timely manner, they could leave you a negative review and damage your reputation. If it takes longer than necessary to transition between tenants, you’ll be paying vacancy costs (like electricity, water, and yard card). Getting Started in Real Estate InvestingĪs an owner, you want to manage this transition as quickly and efficiently as possible - otherwise, you’re likely to face some serious issues. ![]()
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