how do i prepare my property for rental? · •current landlord recommendation •previous landlord...

How do I Prepare my Property for Rental?

Strategic Plan 2017 Wilkinson PM, Inc.

703-719-1800

I am Prepared to Rent my Property!

Strategic Plan 2017

Wilkinson PM

703-971-1800

BUSINESS PLAN

CHANGE YOUR PERSPECTIVE -

OPEN THE DOOR TO

A NEW FINANCIAL AND

BUSINESS OPPORTUNITY

Wilkinson PM, Inc.703-971-1800

Contractors/handyman

Service contracts

Insurance

Utilities

Advertise

Property Manager

WHO DO I NEED TO HIRE?

Prepare Condition Coach Outdoors Interior Strategy Budget Ready

Wilkinson PM, Inc.703-971-1800

Preparation follows two tracks:

1. Maintenance

2. Marketing

• Check home for potential problem areas

• Correct problems or defects

• Save money and time in the preparation procedures

• Receive good, quick application

• Approve tenant who will care for your home

Can my Property Manager Help Me?

ABSOLUTELY!

Wilkinson PM, Inc.703-971-1800

Prepare Coach Coach Outdoors Interior Strategy Budget Ready

1. To rent quickly to prevent vacancy costs

2. To get good tenants who will care for property

3. To reduce maintenance costs

4. To prevent injury & liability claims –

( blind cords, locks/keys, trip hazards)

5. To encourage the best tenants to take the best care of my home

Why Is It Important To Leave My Property in

The Best Possible Condition?

Wilkinson PM, Inc.703-971-1800

Prepare Coach Condition Outdoors Interior Strategy Budget Ready

OUTDOORS – for Curb Appeal

– Paint front door & trim

– Colorful flowers at door

– Cut & edge lawn

– Trim shrubs

– Powerwash deck/patio

QUICK & EASY TIPS Wilkinson PM, Inc.703-971-1800

Prepare Condition Coach Outdoors Interior Strategy Budget Ready

– EXTERIOR

– Powerwash deck/patio

– Highlight Features

QUICK & EASY TIPS Wilkinson PM, Inc.703-971-1800

Prepare Condition Coach Outdoors Interior Strategy Budget Ready

Interior – Make tenants feel at home

– Declutter – ship it out

– Neutralize colors

– Eliminate odors

– Pack away family photos

MORE QUICK & EASY TIPS Wilkinson PM, Inc.703-971-1800

Prepare Condition Coach Outdoors Interior Strategy Budget Ready

Meet With Owner to Discuss Your Special Requests or Requirements.

Establish Best Rent Price. * Publicize As Appropriate for Property.

Carefully Select and Qualify Tenant.

Inspection and Photo History.

Rent Collection and Disbursements to Owner’s Bank.

Monthly Statements for Owner online.

Routine Maintenance and Emergency Repairs.

PROPERTY MANAGEMENT PROCEDURES

Wilkinson PM, Inc.703-971-1800

Prepare Coach Condition Outdoors Interior Strategy Budget Ready

• Tenant income

• Tenant debt

• Tenant credit history

• Tenant employment history

• Current landlord recommendation

• Previous landlord reference

• Pets, cars and problems

QUALIFYING YOUR TENANT- ONE OF THE MOST IMPORTANT

FUNCTIONS OF A

PROFESSIONAL PROPERTY MANAGER!

Prepare Condition Coach Outdoors Interior Strategy Budget Ready

Wilkinson PM, Inc.703-971-1800

INTERIOR

1 Appliance repairs/replacement ?

2 Service HVAC Semi-annual

3 Periodic painting 3-5 years

BUDGETING

Exterior 1 Lawn care Maintenance

2 Landscaping Investment

3 Gutters/roof Preservation

4 Driveway, patio, deck Safety

Wilkinson PM, Inc.703-971-1800

Prepare Condition Coach Outdoors Interior Budget Strategy Ready

INTERIOR Safety

1 Repair electrical issues *

2 Service HVAC *

3 Replace rubber washer hoses *

4 Check all door & window locks *

PROTECTION

CLEANING Prevention

1 Dryer vents> metal fire

2 Chimney fire

3 Gutters flood

4 Move-out whole house complaints

Wilkinson PM, Inc.703-971-1800

Prepare Condition Coach Outdoors Interior Strategy Budget Ready

SAVE

$$$$$$$

Management Fee Insurance

Leasing Fee Utilities

HOA or Condo Association Fees

Mortgage Interest

Replacements * REAL ESTATE TAXES

MORE+

SET UP TAX REPORT FOLDERS Wilkinson PM, Inc.703-971-1800

A well-organized home

that encourages tenants

to preserve it and

to pay rent promptly

PREPARATION

PROJECTS

BUDGETS

Wilkinson PM, Inc.703-971-1800

PARTNERSHIP

WITH

PROPERTY

MANAGER

I am TRULY Prepared to

Rent my Property!

Strategic Plan 2017

Wilkinson PM

703-971-1800