Preparing Homes For Lease
Preparing Homes For Lease
Your goals and the condition of your property call for a distinct program of services and expertise. Generally, our property remodeling and restoration services fall into three categories: property being prepared for lease, for owner occupancy, or for sale.
A remodeling and restoration plan can be tailored to your exact needs. Our services include:
- Relocation and set-up
- Distribution of personal property
- Repairs and Restoration
- Determining the scope of work
- Reviewing and Selecting bids with the owner
- Monitoring the progress of the work
- Providing progress reports to the owner
- Paying contractors and vendors
- Considering and implementing change orders with owner
- Overseeing house prep for rental
Considering the age and general condition, we will oversee the subcontractors needed to bring the home to a condition attractive and acceptable for the new occupants. There are three general areas to consider: safety, functionality and asset protection.
The first consideration is to make the home safe for the new occupants. This will include repairs and/or renovations that provide a safe environment for the incoming residents. The major home systems such as electrical, water heaters and HVAC must all be in good working condition. Structural elements, like the stairways and railings at the entrances and exits, must all be inspected. Additional safety measures, such as the wrapping of asbestos-covered heating ducts must also be considered. Finally, both the fire protection systems and lights over all the entrances may need to be upgraded or installed. By taking these actions, the home will be comfortable for the new residents and compliant with insurance carriers as well.
The second consideration involves making sure the home is functional for the new occupant. In many cases the home is “livable,” but not practical for other family members, or attractive to tenants or buyers in the current condition. We will assemble a list of repairs, renovations and new appliances to bring the home to a good functional condition that meets the needs of the anticipated occupants. We can take care of everything – hiring licensed and insured contractors and tradespeople, ensuring permits are applied for and signed off, and overseeing the completion of the work. We will also arrange for and disburse deposits and payments upon the inspection and approval of competed work.
Finally, you will need some general condition estimates to protect the value of your investment. These can be used as a baseline for capital improvements and developing a maintenance plan going forward. This may involve structural pest and roof reports, which can be performed during the renovation, and can later be implemented once the property is leased and generating cash flow.
What People Say
I met this company over four years ago and they turned out to be a great help in renting out our properties. Mark, the agent, was able to help us get fair market value and gave us great advice on improvements that made the property more desirable. I personally plan on continuing to rely on Mark, on an ongoing basis, for our property rental needs.
Mark Dawson of Giant Properties has been managing the unit I rent with my daughter for over 2 years. He is responsive when we need him and is super personable. We have had few reasons to contact him, other than paying rent, but when we need him, he returns our calls immediately and promptly resolves any issues we have had. Our experience has been drama free.