Most landlords have a natural aversion to the idea of vacancy. No wonder. The property is sitting idle while rent has stopped coming in – what’s to
like?! Still, you mustn’t be too downbeat. These downtimes are excellent opportunities for you to carry out vital repair and maintenance work and get
your property to tip-top shape for the next tenant. Here are some clever and budget-friendly tips to see you through rental vacancies time and time
again.
1. Use your notice periods wisely
Once you have received or given a termination notice, start planning your repair and maintenance schedule immediately. Remember, time is money. The goal
here is to get all the R&M work done in the shortest possible time in order to facilitate the next tenancy. Start with a property inspection so
that you know what jobs need doing. Go through your master job list to work out what you can do yourself and what to outsource. Get quotes, make booking
inquiries, synchronise work schedules across various contractors and yourself as much as possible. This is all in preparation for move-out day so that
you and your team can start working on the property as soon as possible.
2. DIY as much as possible
Only to the extent that your time and skill set allow, DIY as much as possible. At the very least, you are saving on call-out fees. These days it is super
easy to pick up basic skills at just about anything, sites like Youtube, Lifehacker, and Wikihow are your friends. There are a couple of
big riders that come with this tip though – never carry out...
