Tips for Preparing Your Property for Rent

When preparing your property for rent, fierce competition prevails in the rental property market. By 2022, the United States witnessed a staggering surge in rental properties. This tallied up to around 44 million housing units

This number marks a steady ascent from 2010, continuing a trajectory dating back to 1975. The correlation with the scarcity of affordable housing is evident, underscoring the pressing challenges many face.

With the stock of rental homes steadily increasing, tenants have various options on the market. Your property must stand out and meet your prospects’ expectations.

To get your property ready for rental agreements, strategic improvements must be made to ensure livability and compliance with safety standards and the law. Enhance your property’s market appeal by implementing these helpful tips.

Perform a Thorough Property Inspection

You must perform a thorough inspection to ensure your property is safe and livable. It involves the following assessments:

  • Make sure the floors, stairs, walls, and roof are intact
  • Check the electrical, plumbing, and HVAC systems to see if the internal components are working in good condition
  • Inspect every corner and wall of the house for mold, asbestos, lead paint, and other environmental toxins
  • Ensure that all your locks are installed and working properly
  • Inspect for pest infestations and arrange for pest control, if necessary

These are just some of the basics. It’s best to call a professional home inspector for comprehensive checks. They have ample experience in spotting troubles you may be unable to check. They also have specific knowledge about building codes and construction materials.

Deep Clean and Renovate

After the inspection, proceed to deep cleaning. Deep cleaning is essential even if your property is clear of issues because it creates a healthy environment, improves property appeal, and provides cost-effective maintenance.

However, if you find problems within the property, here are some renovations worth investing in:

Swap out outdated and broken equipment and keep pests at bay

Your appliances should all be working correctly. Old appliances might no longer be up to code. In a worst-case scenario, these could compromise the safety of your tenants. These should be replaced. On the other hand, if they’re fairly new, you can have them professionally deep-cleaned. This practice ensures their cleanliness and helps keep mold and pests at bay.


Give your property a makeover with a new paint job. But before you grab that brush, thoroughly inspect the walls and ceilings to address any cracks or moisture stains. You must also repair the doors and window frames if they have cracked caulking and faded colors.

Renovate the flooring or carpeting

Here are some ways to renovate your property’s flooring or carpeting:

  • Hardwood floors – Sanding and refinishing help restore their original luster
  • Carpeting – Consider the age and wear. It might be more cost-effective to replace old and stained carpets
  • Tiles – Replace the cracked tiles and re-grout to refresh the flooring

Remember to choose durable materials that align with your budget and property’s aesthetic.

Have your HVAC unit serviced

Servicing the heating, ventilation, and air conditioning, or HVAC unit, involves professional inspections. These assessments include cleaning filters and checking for leaks to ensure safe and efficient operation.

Regular maintenance is essential for extending your system’s lifespan. It helps prevent expensive repairs and maintains energy efficiency. This ensures tenant comfort and reduces complaints about extreme temperatures.

Make landscaping upgrades to restore curb appeal

Enhancing your property’s front and backyard can significantly increase its attractiveness to potential tenants. You can do simple enhancements like pruning, planting colorful flower beds, and lawn maintenance for improved curb appeal.


Re-keying refers to replacing the existing locks that no longer work. This security measure is essential in preventing intrusion and providing peace of mind to new tenants.

Disinfect and deodorize

Make your space feel brand new by disinfecting and deodorizing it. These techniques effectively eliminate germs, viruses, bacteria, and unpleasant odors, ensuring a clean and inviting environment.

Image by Anete Lusina on Pexels

Get an Insurance Policy Designed for Landlords

Homeowner’s insurance policies are not sufficient for rental properties. Anytime you have people on your property, you’re responsible for their safety to some degree.

Suppose a tree caused significant damage that requires extensive repairs. If you don’t possess comprehensive insurance, you’ll be solely liable for any costly repairs that arise. Thus, you must get an insurance policy specifically designed for landlords.

Landlord insurance policies generally cover property damage, liability protection, and rental income lost due to temporary inhabitability. Additional coverage may include vandalism, stolen property, construction expenses, and workers’ compensation if you have employees who maintain the property.

These landlord-specific policies provide financial safeguards against natural disasters and tenant-related damages, protecting your investments. Before applying, thoroughly review the terms and requirements to select a policy that aligns with your needs and risks.

Prepare and Submit the Required Permits

Many counties and municipalities require permits for rental property conversions. It’s best to visit your city hall and check if you need one because these requirements vary.

The purpose of these permits is safety. An inspector from your local government will inspect your property for various safety hazards and health concerns. Afterward, they will provide a report informing you of the required modifications to make your rental compliant with the building codes.

Determine the Costs

Your rental fee depends on various factors. Before listing your rental property, take note of the following costs:

  • Mortgage payment (if applicable)
  • Property taxes
  • Utilities
  • The money you’ve spent on upgrades, renovations, and repairs
  • Estimates for repairs, maintenance, and other expenses while you have a tenant
  • Your desired monthly profit

Once you decide on a rate, check other rentals in your neighborhood for a similar property. This assessment will help you determine how competitive your fee will be compared to other landlords.

Review the Law

After deciding on a rate, review the law. Ensure you understand the Fair Housing Act, which prohibits discrimination against tenants based on sex, race, religion, disability, nationality, and familial status. Like other laws, it can change, so regularly review to remember your responsibilities as a landlord.

Additionally, while you may access rental documents like applications, consent forms, and lease agreements online, creating customized documents and legal compliance may require more legal expertise.  

Consulting a lawyer specializing in real estate and landlord-tenant laws is beneficial. They can help you draft comprehensive documents and meet all the legal requirements for rental properties.

Decide on How You’ll Screen the Tenants

Your tenant screening process is primarily up to you. Most landlords require background checks, at least one reference from a former landlord, a credit score range, and income above rent—typically two to three times your rental fee.

Whatever your screening process is, apply it uniformly to all tenants to avoid deliberate or unintentional discrimination.

Start Marketing Your Property

Once everything is ready, start promoting your property. Create listings and rental ads on social media and rental listing websites.

Remember to mention the features and amenities so potential tenants know the benefits of renting your property.

For instance, ensuring a smooth transition for new tenants can amplify your rental property’s appeal. For those coming from afar or needing temporary storage solutions, your proximity to luggage storage services can be a much-needed convenience should they arrive before the property is ready. 

Highlighting the availability of these services can attract many renters, particularly those who value ease and flexibility while moving.

Combine online and offline strategies to maximize your reach. Hiring a real estate marketing professional or agency can help with the planning and execution.

Preparing Your Property for Rent

Whether stepping into the realm of rental properties anew or bearing the badge of a seasoned experience, it is important to meticulously prime your property for the rental market.

This meticulous preparation serves as the cornerstone for crafting a living environment that meets the standards of habitability and navigating the intricate labyrinth of legal requirements. 

Beyond merely casting the net wide to attract tenants of discerning quality, this preparatory phase is instrumental in ensuring that your property stands tall amidst the sea of options, embodying both desirability and profitability in equal measure.

Remember, the key to standing out is proactive maintenance, attention to detail, and a tenant-centric approach to management.

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