69% of homeowners say they would rent out a shared space, room, or guest house on their property. Wanting passive income and having too much living space are among the top reasons for co-living with a renter.
If that sounds too stressful, becoming a landlord may be the better strategy. You can rent out your current home or purchase an investment property to lease.
Listing your home for rent and finding the right tenants may feel like the hard part. But you've only just begun. Now, you need to prep the property you once called home for your new tenants.
But before you hand over the keys, you must understand the ins and outs of preparing a home for rental tenants, checking the following tasks off your list. We're helping you do just that with this guide, so keep reading to learn more.
Get an Inspection
When listing your home for rent, landlords should always get inspections before a tenant moves in, periodically throughout the tenant's lease, and after the tenant moves out. The goal of a move-in inspection is to catalog its condition.
Take photos and document everything during your inspection. That way, you have proof later if any disputes arise about the property's move-in condition.
Install Safety Devices
You may like to live life on the wild side, but your tenants are different. Ensure they are safe with the following devices:
- Smoke alarms
- Carbon monoxide detectors
- Fire extinguisher
Installing these safety measures is not just beneficial for your tenants. It also reduces your liability if a disaster strikes your rental property.
Hire Professional Cleaners
Nevada landlords are required by law to keep units in habitable condition. The definition of "habitable" may be up to interpretation. Still, the least you can do is provide a clean space for your first tenants.
You could clean the rental yourself. But if you want to save countless hours and money on supplies, hire a professional instead.
Evaluate Your Appliances
Another aspect of maintaining your rental is ensuring all appliances are clean and in good working order. Common appliances landlords offer to their tenants include but are not limited to:
- Refrigerators
- Stoves
- Ovens
- Dishwashers
- Microwaves
Some landlords also provide a washer and dryer for their tenants. Often, including these appliances can drive up your rental property's price.
Tips for Preparing Your Home for Rental Tenants in Las Vegas
Preparing your home for rental tenants doesn't have to be hard when you follow this guide.
But you may still run into issues after getting an inspection, installing safety devices, hiring professional cleaners, and evaluating your appliances. That's where a property management company comes in.
Are you gearing up for your first renter in Las Vegas? Pure is a full-service Las Vegas property management group that helps landlords like you. Contact Pure to learn how we can take the stress of being a first-time landlord off your back.