How do I Prepare my Property for Rental?
Strategic Plan 2017 Wilkinson PM, Inc.
703-719-1800
I am Prepared to Rent my Property!
Strategic Plan 2017
Wilkinson PM
703-971-1800
BUSINESS PLAN
CHANGE YOUR PERSPECTIVE -
OPEN THE DOOR TO
A NEW FINANCIAL AND
BUSINESS OPPORTUNITY
Wilkinson PM, Inc.703-971-1800
Contractors/handyman
Service contracts
Insurance
Utilities
Advertise
Property Manager
WHO DO I NEED TO HIRE?
Prepare Condition Coach Outdoors Interior Strategy Budget Ready
Wilkinson PM, Inc.703-971-1800
Preparation follows two tracks:
1. Maintenance
2. Marketing
• Check home for potential problem areas
• Correct problems or defects
• Save money and time in the preparation procedures
• Receive good, quick application
• Approve tenant who will care for your home
Can my Property Manager Help Me?
ABSOLUTELY!
Wilkinson PM, Inc.703-971-1800
Prepare Coach Coach Outdoors Interior Strategy Budget Ready
1. To rent quickly to prevent vacancy costs
2. To get good tenants who will care for property
3. To reduce maintenance costs
4. To prevent injury & liability claims –
( blind cords, locks/keys, trip hazards)
5. To encourage the best tenants to take the best care of my home
Why Is It Important To Leave My Property in
The Best Possible Condition?
Wilkinson PM, Inc.703-971-1800
Prepare Coach Condition Outdoors Interior Strategy Budget Ready
OUTDOORS – for Curb Appeal
– Paint front door & trim
– Colorful flowers at door
– Cut & edge lawn
– Trim shrubs
– Powerwash deck/patio
QUICK & EASY TIPS Wilkinson PM, Inc.703-971-1800
Prepare Condition Coach Outdoors Interior Strategy Budget Ready
– EXTERIOR
– Powerwash deck/patio
– Highlight Features
QUICK & EASY TIPS Wilkinson PM, Inc.703-971-1800
Prepare Condition Coach Outdoors Interior Strategy Budget Ready
Interior – Make tenants feel at home
– Declutter – ship it out
– Neutralize colors
– Eliminate odors
– Pack away family photos
MORE QUICK & EASY TIPS Wilkinson PM, Inc.703-971-1800
Prepare Condition Coach Outdoors Interior Strategy Budget Ready
Meet With Owner to Discuss Your Special Requests or Requirements.
Establish Best Rent Price. * Publicize As Appropriate for Property.
Carefully Select and Qualify Tenant.
Inspection and Photo History.
Rent Collection and Disbursements to Owner’s Bank.
Monthly Statements for Owner online.
Routine Maintenance and Emergency Repairs.
PROPERTY MANAGEMENT PROCEDURES
Wilkinson PM, Inc.703-971-1800
Prepare Coach Condition Outdoors Interior Strategy Budget Ready
• Tenant income
• Tenant debt
• Tenant credit history
• Tenant employment history
• Current landlord recommendation
• Previous landlord reference
• Pets, cars and problems
QUALIFYING YOUR TENANT- ONE OF THE MOST IMPORTANT
FUNCTIONS OF A
PROFESSIONAL PROPERTY MANAGER!
Prepare Condition Coach Outdoors Interior Strategy Budget Ready
Wilkinson PM, Inc.703-971-1800
INTERIOR
1 Appliance repairs/replacement ?
2 Service HVAC Semi-annual
3 Periodic painting 3-5 years
BUDGETING
Exterior 1 Lawn care Maintenance
2 Landscaping Investment
3 Gutters/roof Preservation
4 Driveway, patio, deck Safety
Wilkinson PM, Inc.703-971-1800
Prepare Condition Coach Outdoors Interior Budget Strategy Ready
INTERIOR Safety
1 Repair electrical issues *
2 Service HVAC *
3 Replace rubber washer hoses *
4 Check all door & window locks *
PROTECTION
CLEANING Prevention
1 Dryer vents> metal fire
2 Chimney fire
3 Gutters flood
4 Move-out whole house complaints
Wilkinson PM, Inc.703-971-1800
Prepare Condition Coach Outdoors Interior Strategy Budget Ready
SAVE
$$$$$$$
Management Fee Insurance
Leasing Fee Utilities
HOA or Condo Association Fees
Mortgage Interest
Replacements * REAL ESTATE TAXES
MORE+
SET UP TAX REPORT FOLDERS Wilkinson PM, Inc.703-971-1800
A well-organized home
that encourages tenants
to preserve it and
to pay rent promptly
PREPARATION
PROJECTS
BUDGETS
Wilkinson PM, Inc.703-971-1800
PARTNERSHIP
WITH
PROPERTY
MANAGER
I am TRULY Prepared to
Rent my Property!
Strategic Plan 2017
Wilkinson PM
703-971-1800
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