Residential Investment Advisors’ Post

As a landlord, property owner or manager, what do you do to get your properties "Rent Ready?" Kristina Rivers (Multifamily Specialist) walks us through a Nashville duplex located in Hermitage, Tennessee. Anyone who is thinking about buying Multifamily properties needs to know what is involved in the process of turning over units. After all, every day a unit sits vacant is money out of your pocket. So, we recommend that owners quickly check and repair the following items every time they have a vacant unit. • Condition of Walls & Paint • Condition of Carpets and flooring • Working Appliances • Safety and Security Items - e.g., Locks, windows, exterior lighting, and blinds • Curb Appeal • Any small conveniences that add value to tenants. • Final Clean • Update your Lease. Make sure that you've checked these items each and every time you have a vacant unit. Doing so will save you the headache and hassle of doing bigger renovations in the future. Not to mention, deferred maintenance can greatly impact your sale price if/when you decide to sell. With so many new people moving to Nashville and the surrounding counties every year, the rental market is steady and strong. Keeping your units rent-ready means you make your apartments more appealing to people who need a place to live. Learn more about How to prep your apartment for Sale by visiting our website. www.RIA-INC.com/quick-tips

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