Every day a unit sits empty is a day of lost rent. A quick turnover process helps cut that vacancy, according to Smartland. Creating a solid turnover process can positively impact the overall outcome and reduce unwanted chaos. In this article, we cover five best practices that will streamline your turnover process.
Make a Checklist
Start with a comprehensive checklist. This tool is your roadmap, ensuring nothing falls through the cracks. If you are starting fresh, obtain a checklist from reliable resources such as Apartments.com. Include tasks like resident communication, potential upgrades, and deep cleaning schedules.
Communicate with Residents
Transparency and timely communication with residents are the backbones of a smooth turnover. Aim to initiate discussions about lease renewals and potential upgrades 60 days in advance. This approach not only keeps residents informed but also showcases your commitment to maintaining a modern, beautiful living space.
Strategic Upgrades
Upon setting your turnover timeline and fine-tuning your checklist, focus on strategic upgrades that align with resident demand and could increase the rental’s value. Even modest investments in areas like kitchen cabinetry and lighting fixtures can broaden the appeal to prospective tenants.
Schedule Services
Anticipate the turnover schedule to line up necessary services efficiently. Proper scheduling is key to a seamless turnover. This coordination is crucial for optimizing the renovation period, allowing for a quicker turnaround and reduced vacancy time.
Focus on Tenant Priorities
Understanding tenant priorities means recognizing the importance of a modern, functional kitchen and bathroom. An inviting kitchen and clean bathrooms help a unit show well. Residents pay close attention to the quality of kitchens, bathrooms, and living areas, according to Smartland.com. If the budget is tight, Smartland says to focus on cleaning.
Your maintenance team can install the kit. Refacing usually costs about 1/3 of full cabinet replacement. Qwikkit makes cabinet refacing kits. Each kit has the doors, drawer fronts, hinges, pulls, and paint for one apartment. Kits ship in 5 to 8 business days. Need an installer? Qwikkit can connect you with partner contractors.