Tips for a Successful Property Turnover
Property turnovers are probably one of the most exciting aspects of owning or renting a property. To make the transition smooth and hassle-free, here’s what you should do to achieve a successful property turnover. What is a turnover? A property turnover is the time frame from when your tenant who currently lives in…
Property turnovers are probably one of the most exciting aspects of owning or renting a property. To make the transition smooth and hassle-free, here’s what you should do to achieve a successful property turnover.
What is a turnover?
A property turnover is the time frame from when your tenant who currently lives in your unit leaves and the new tenant moves in. Many times, your lease may end at midnight. We avoid that because the new tenant wants to move in immediately in the morning. So you are going to have maybe 3-6 hours to clean the unit and do any repairs.
How to Ensure a Successful Property Turnover
Green Ocean Property Management is all about giving you peace of mind. We share some of the things that we do to ensure that your transition from one tenant to another goes smoothly.
#1 We end the leases earlier
The city of Boston has guided us to suggest doing leases that end earlier, say August 29th, August 30th, or September 1st movement, allowing a couple of days. In the worst-case scenario, we have all our leases at 5 p.m. so that allows us to have at least 12 hours to prepare the unit for the new tenant. It’s amazing what you can do in 12 hours. We turned over 100+ units this past September, and a lot of them included painting, carpeting, and of course, cleaning.
#2 We finish all the homework in advance
We walk through the unit starting a month earlier. This is because we want to see which units are in bad shape. It also includes talking with the current residents and seeing if they damaged anything that they want us to fix. We don’t want to avoid it and have issues with our new residents on their first day when they move in. So we try to make those repairs in advance, making it very clear that if we do any repairs, the current (outgoing) tenants are responsible for the cost.
#3 We do a walkthrough with the incoming tenants
We suggest and offer to all incoming residents for them to do a walkthrough with us. That allows us to avoid the headaches on their move-in day on September 1st. We let them see the condition of the property firsthand. After the walkthrough, they sign a document that states they have seen the unit, and it includes a list of the things they request to be done before they move in.
If there are any other issues, we are going to work with them after they have moved in. But it calms everybody down. You just want to avoid any type of surprises on the move-in date.
Our commitment
If you or anyone else you know is looking to help you achieve a successful property turnover, please think of Green Ocean Property Management: where you get more than a property manager, you get peace of mind.
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