Extended vacancies can pose a challenge for landlords, but with proper preparation, you can ensure that your rental properties in London, Ontario, remain in top condition and ready for new tenants. Here are some key steps to take when preparing your rental properties for extended vacancies.
1. Conduct a Thorough Inspection
Before your property becomes vacant, conduct a thorough inspection to identify any existing issues that need to be addressed. Check for signs of wear and tear, leaks, and potential hazards. Addressing these issues before the property is vacant will prevent them from worsening over time and ensure that the property is in good condition when new tenants move in.
2. Secure the Property
To protect your property during an extended vacancy, it’s essential to secure all entry points, including doors, windows, and garages. Consider installing additional security measures such as motion sensor lights, security cameras, and alarm systems. These precautions will deter potential intruders and provide peace of mind that your property is safe.
3. Maintain Utilities and Systems
Even if the property is vacant, it’s important to maintain essential utilities and systems. Keep the heating and cooling systems running at a minimal level to prevent pipes from freezing in the winter or humidity damage in the summer. Regularly check the plumbing, electrical systems, and appliances to ensure they are functioning correctly.
4. Regular Maintenance and Cleaning
Schedule regular maintenance and cleaning for the property during the vacancy period. This includes mowing the lawn, trimming bushes, and maintaining the landscaping to keep the exterior looking well-kept. Inside the property, ensure that it is clean and free of dust and pests. Regular maintenance will help prevent larger issues from developing and ensure that the property remains appealing to potential tenants.
5. Market the Property
Even if you’re not immediately looking for new tenants, continue to market the property to keep it visible in the rental market. Update listings on rental websites, post on social media, and consider virtual tours to showcase the property. Keeping the property marketed will help attract potential tenants when you’re ready to fill the vacancy.
6. Stay Compliant with Local Regulations
Ensure that your property remains compliant with local regulations and codes, even during an extended vacancy. This includes adhering to fire safety standards, health regulations, and any other legal requirements. Staying compliant will prevent any legal issues from arising and ensure that the property is ready for occupancy when the vacancy ends.
Conclusion
Preparing your rental properties for extended vacancies in London, Ontario, involves conducting thorough inspections, securing the property, maintaining utilities and systems, scheduling regular maintenance and cleaning, continuing to market the property, and staying compliant with local regulations. By taking these steps, you can protect your investment and ensure that your property remains in top condition, ready for new tenants. At LSK Property Management, we offer comprehensive property management services to help landlords navigate extended vacancies and maintain their rental properties. Contact us today to learn how we can support you.
