REI Wealth Monthly Issue 10 | Page 14

LANDLORDING 102 – PREPARING THE PROPERTY FOR A TENANT KAREN RITTENHOUSE 7. Bathrooms. Bathrooms must be clean. Make sure all light bulbs are working and the highest wattage possible. No one likes a dingy or dirty bathroom. Again, you want all prospects to know that you care for your property and the message you’re giving them is that you will expect the same condition when they move out. 8. Kitchen. Clean all appliances. Let tenants know they should be in the same condition upon move-out. Appliances Because appliances tend to break down (usually from neglect, not age) and are so often stolen when tenants move out, decide whether or not you plan to supply them. Our homes come with a stove and oven and most come with built-in dishwashers, but supplying refrigerators is optional and we don’t supply washers or dryers. Here, your state law comes into play. Most states require provision of a stove and oven only. In some states, if it is in the property when the resident moves in, the landlord is responsible to maintain it. If you rent to Section 8 residents, it is absolutely the landlord’s responsibility to maintain working condition on anything that is in the property when the tenant moves in. You decide whether you want to provide appliances and increase your rent accordingly, or not provide them to eliminate responsibility. Some landlords provide appliances and charge additional fees for them. Know your state laws. Author: Karen Rittenhouse Karen Rittenhouse has been investing in real estate full time since January 2005. In that time, she has purchased hundreds of single family properties, opened a full-service real estate company, a property management company, a coaching/training business, and written three books on real estate, The Essential Handbook for Buying a Home, The Essential Handbook for Selling a Home, and The Essential Handbook for Landlords.