Learning Center > Your Tenant is Vacating
With your tenant giving notice to vacate, Rental Guys Property Management will begin to market your home in the effort to find a replacement tenant after the existing tenant has fully vacated the home.
Once the tenant fully vacates the home, we will take the following actions:
- We order a Third Party Home Assessment to do a thorough assessment taking 80-100 photos of the move-out condition.
- We fully document any and all issues with the home and plan for the make ready improvements.
Benefits to the Home Owner
Market a Move-In Ready Home:
We feel that the market with tenants has shifted to demand a move in ready home during the time of marketing. There have been negative responses when we market the home with an existing tenant in place that have led to this change. In these incidents, a new tenant would move into the home after a one time showing while tenant occupied, and be upset with the condition. By marketing the home in the “As-Is” and move in ready condition – there will be no confusion as to what the new incoming tenants will see in the condition of the home when they move in.
Lived-In Condition of the Home with Tenant:
In most situations, existing tenants will not put forth the effort to ensure the home shows as well as possible . Tenants have little incentive to show the home other than being obligated in the lease. Once the tenants begin packing to move, boxes begin to pile up and the home shows poorly. This leads to missed application opportunities from potentially good tenants and longer days on market.
Home Shows Better:
The home will show better without the tenant physically there during the showing. In some cases, we have seen existing tenants follow applicants around the home pointing out everything possibly wrong with the home they could. Also – there will be no lost showings from an un-cooperative tenant blocking showing requests, or refusing to answer their phone to approve a showing. This will lead to a maximum amount of showing opportunities – renting the home faster.
What If The Home Goes Stale?
When a home does not rent in the first 30-60 days, most incoming applicants will wonder what is wrong with the home and then avoid seeing it. By marketing a move in ready home, we can highlight the home in the current condition – renting it quickly. If a home does not rent in quick fashion, adjustments can be made to the asking price with the bottom line of renting the home faster on behalf of the owner.
We want to respect the privacy of our existing tenants as you would want if you were a tenant. No tenant wants to deal with showing a home they live in during the last 30 days and many tenants would appreciate not having to do so. In addition, the restrictions on Tenant Privacy regarding photos and video is getting tougher with new court decisions. We ask you consider this in respecting their privacy.
Violating the Deceptive Trade and Practices Act – a Federal Law
We have heard indications that by using old photos and videos to market a home for rent, and by not allowing applicants to see exactly what they will be signing a lease agreement for because the home is occupied for another 30 days, we could be violating Federal Law called the Deceptive Trade and Practices Act. It would only take one severe incident for a tenant to feel they were misled by not having the opportunity to fully inspect a vacant home before they sign a lease agreement. With a vacant and move in ready home, we can avoid this by offering them an “As-Is” home and by marketing the home with current photos and video.
What About Lost Time Off The Market?
We understand this is a concern, but we feel the Jacksonville market is strong enough that by making this change it will contribute to a home renting faster, and for more money. If the home does not rent – it can be contributed to nearly one thing – the asking price. Bottom Line – Your Home Will Attract Better Applicants, Rent Faster,
and for More Money!