Signing a Lease and Tenant Move In | Time and Costs Required
Our journey has taken us from determining market rent, to ensuring our rental property is “rent ready” and will attract the best renters, to advertising our rental property for rent, to processing rental applications to choosing the right quality and qualified resident for our home.
Let us now look at what the process of moving people into the investment property should be. In the beginning of
Once the lease is signed, a move in evaluation should be performed with the resident noting any items that are damaged (whether or not they are going to be repaired should be noted), and condition of the home. This is a good time to note make, model and serial numbers for appliances and size and number of filters and batteries needed for future reference. It is also a good idea to ensure your new residents know where the breaker box is, water shut off and how to operate sprinklers, garage door openers etc. Done correctly this process should take approximately two hours of your time.
The last step in this process is to actually give a set of keys and all other openers to the home to your new residents.