The tenant(s) currently residing in your property have recently conveyed their intention to vacate in the near future. Understandably, this might raise a few questions regarding the ensuing steps and how the transition process will be managed. So, what measures are set into motion following such an announcement?
Upon being notified by a tenant about their plans to depart, our immediate response is to swing into action and implement our established procedures. This involves multiple phases, from promotion and marketing to tenant screening, all aimed at ensuring that your property attracts potential and ideally matched new tenants. The first step in this sequence is a meticulous rental analysis. Leveraging industry tools and our extensive market knowledge, we endeavor to craft a detailed rental pricing strategy exclusively for your property. This not only spells out the proposed rental rates but also provides insight into potential adjustments based on market fluctuations and other relevant factors in the weeks to come.
An essential component of our strategic framework is to commence the advertising process well ahead of time. Specifically, we target to launch our marketing efforts around 30 days before the property becomes available. This proactive stance offers two-fold benefits: it provides an opportunity to present the property to potential tenants while it's still in a lived-in state, which can often be more appealing, and it ensures that the rental income stream remains uninterrupted.
Our primary and unwavering goal throughout this process is to drastically reduce the duration your property remains vacant and to curtail any potential loss in rental revenue. Under regular circumstances, we allocate a window of approximately 4 business days to revamp and refresh the property, making certain it meets the highest standards of presentation, thereby being ready to welcome its new occupants. However, a caveat here is that some properties might necessitate more extensive upgrades or refurbishments. Depending on the intricacy and extent of the labor involved, this timeline might need slight adjustments.
Keeping transparency and consistent communication at the forefront, we provide a comprehensive weekly update while the property is actively listed on the rental market. Every Tuesday, like clockwork, you will receive a detailed report, breaking down the listing's activity. This encompasses everything from the number of property viewings arranged and carried out, to the feedback received post those viewings. Furthermore, any significant developments, such as a formal rental application submission or particularly noteworthy feedback from prospective tenants, will be communicated to you without delay. Our commitment is to ensure that you remain well-informed and engaged throughout the entire tenant transition phase.
