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Preparing Your Property to Rent

1)  Walk thru list - Walk up to the Property, thru the front door and thru all the rooms.  Make a list of all the things you see that might be questionable in appearance to a prospective tenant.

  • Paint peeling or Dirty
  • Broken or Damaged
  • Rusted
  • Mold
  • Holes
  • Not closing properly or functioning
  • Ugly
  • Smelly
  • Dangerous looking

2)  Desirable List  - Make a list of Items that would be desirable to a prospective tenant.

  • New Stove or Appliance(s)
  • Washer/Dryer
  • Dishwasher
  • Vanity
  • Light fixture

3)  Reality Check - Compare the Rules for Renting with your List

4)  Hire a good handyman/contractor to help you make the improvements.  Unless you yourself are a contractor, find someone to help you.  Most things done in the apartment can be done for a basic labor cost.  All money you spend is deductible.  Read our article on "Making your Contractor Great"  for ideas on how to choose the right people to help you.  I started out doing all the work myself in rental apartments and soon found out it was faster and cheaper to hire someone.  It is a business and the most unreliable thing to do is think you can take care of all of it yourself.





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