Because of how nice the weather is and the fact that kids are out of school, summer is a popular time to move. If you own a rental property, this is also the season when there’s a high demand for rentals and the opportunity to charge more for your unit.
Whether you’re looking to rent to vacationers or long-term renters, preparing your rental property for the summer months can boost your return on investment (ROI). Learn what steps to take to make your property appeal to renters while protecting your investment.
Inspect the HVAC System
Regardless of your location, summer brings warmer temperatures and a higher demand for air conditioning. Follow these steps to inspect your HVAC system before temperatures rise:
- Replace the filter in the return air vent.
- Remove any leaves or grass from the space around the condenser unit.
- Schedule a yearly maintenance tune-up.
If the HVAC system breaks down during a heat wave, scheduling repairs may be challenging and expensive. That’s why it’s critical to do routine maintenance.
Refresh Outdoor Amenities
An attractive outdoor space will entice renters and help you get top dollar. If there’s a deck or patio, consider refreshing the deck stain or power washing the concrete.
Don’t forget to mow the lawn, trim the bushes, and remove weeds. You should also outline your lawn maintenance expectations for future tenants or inform them of the lawn crew’s schedule.
If your property has a swimming pool, decide how often it needs to be cleaned. Most experts recommend weekly filter checks, pool vacuuming, and debris skimming.
Check or Update Safety Features
Maintaining a safe and secure property is not only critical for your tenants but for your bottom line as well. While your property insurance would cover damage from a break-in, it’s better to be proactive.
Check the condition of all doors and windows, and make sure they close and lock securely; replace them if you find issues. Ensure you have working smoke and carbon monoxide detectors and a current fire extinguisher.
If there’s a pool on your rental property, make sure safety features like fences and pool alarms are in working order.
Consider Pest Control
Humans enjoy the summer months, but so do pests. Longer days, warmer temperatures, and sugary snacks can all attract insects and rodents.
Prevention is the best way to inhibit pest issues on your rental property. Consider signing up for professional pest control services so that you have someone to contact if there’s a problem.
Preparing your rental property for the summer months is a great way to maximize your investment. A clean and well-maintained property will always entice renters, no matter the season.
