HOW DO I GET MY SECURITY DEPOSIT BACK WHEN I MOVE OUT???

by Administrator 23. March 2018 18:36

At the end of a lease term, it’s easy to rely on a full security deposit to boost your finances when dealing with the moving process. However, far too often, many renters find themselves angry and confused about why they received a deduction from their original deposit.

Thankfully, there are ways to ensure a hefty return of your security deposit. Avoid these common mistakes that are costing you your security deposit!

Abusing the Property:

Causing direct damage to the property is a sure-fire way to eliminate the option of a full security deposit refund when your lease has terminated. Thankfully, it’s generally the also the easiest area to avoid wrongdoing. Treat the property well, and remember that you are financially responsible for the actions of your guests. Avoid damaging walls, carpet or property fixtures and ensure that party guests and children alike, know to avoid rough behavior that could damage the space.

Ignoring Routine Maintenance:

This is one area where many renters fail to fully understand the implications of their actions--actions felt both by the property and renters’ pocketbooks. Simple tasks like regular cleaning to avoid pests and changing filters to avoid damage to the HVAC system all can work together to ensure that your landlord isn’t faced with an issue that needs to be addressed. If an issue does occur and your neglect led to the problem, guess where the funds for solving it will come from?

“Harmless” Upgrades:

Everyone wants to live in a space where they most feel comfortable. For many homeowners, this can translate to a fresh coat of paint and light remodeling to make their homes truly feel unique for their needs. Renters can be tempted to make these same kinds of changes in the name of upgrading the space, but if your lease prohibits this type of change then any unapproved change can be met with a hefty security deposit deduction. Remember, your landlord or manager’s ability to rent the space largely depends on ensuring a universal aesthetic that will attract the most amount of potential tenants. You may think floral wallpaper and lavender countertops elevate the kitchen, but your landlord will just see a headache-inducing restoration project.

Neglecting the Deep Clean:

Even the most fastidious daily cleaners will come across corners, shelves and areas that are often neglected (or at least not cleaned as often). Places like baseboards, window tracks, the tops of cupboards, and under furniture are rarely examined on a daily basis--and cleaned even less. On the flip-side, high traffic areas can begin to look dingy after years of use. To ensure your landlord doesn’t have to pay for a professional cleaner when you leave, pull out all the stops anddo a deep clean every month. Alternatively, if you don’t have the time to dedicate to an intricate cleaning task, or are simply hoping to avoid it, hire your own professional cleaner and save the receipt. While apartment owners may get a discount from bulk business, if you rent a single-family home, you may have more time to shop around for a great deal than your manager or landlord and could save some cash that would have been taken from your deposit anyway.

Avoiding the Touch-Ups:

If your lease allows for small nail holes with the stipulation that they are fixed before you leave, be sure to follow through with the touch-up work. Slight damage may seem like ignorable details when you are faced with the chore of packing and moving, but like it or not, that damage will have to be repaired by someone. If it’s your manager, you can bet you will be charged for the time and supplies. Save yourself the cash (and your landlord the hassle) of addressing small issues beforehand, loose hinges on cupboards, nail and screw holes and even light bulb replacement will all go a long way to get your full security deposit back into your hands.

Your security deposit should not be something you turn in after signing your lease and don’t think about until it’s time to leave. In addition, being a great tenant doesn’t end the moment you decide to move, remember that getting your security deposit back may require a bit of elbow grease before you turn in the keys. The best renters realize that day-to-day living should be done with the security deposit in mind and that a little extra cleaning and maintenance will go a long way once the lease has come to term.

10 Questions to Ask Before Hiring a Property Manager?

by Administrator 22. March 2018 16:48

1. How Long Have You Been Working in Real Estate?

When hiring a property manager, it’s vital that you understand how long he or she has been working in the field. The longer somebody has been in the field, the better chance that he or she is well qualified for the job.


2. What is Your Management History?

In addition to finding out how long a respective manager has been working in the field, you must also inquire about the nature of his or her work. Some property managers are experienced in commercial rentals, while others are experienced in residential rentals. Be sure to hire one that’s experienced in what you need.


3. Do You Have the Appropriate Insurance?

It’s important for property managers to have a few different insurances. These insurances include general liability insurance and errors and omissions insurance.


4. How Many Properties Do You Manage that are Currently Vacant?

A good way to gauge a manager’s quality is by finding out how many properties they currently have vacant. It is important to make sure that properties are being advertised for new renters as soon as a notice is given by the current renter!


5. Are You a Member of Any Relevant Organizations?

Not only should you ensure that your potential property manager is registered with the Better Business Bureau, you should also ensure that he or she is registered with the National Association of Residential Property Managers. The more organizations the company is associated with the better as this speaks to their professionalism, dedication to their work as well as keeping on top of ever changing industry trends.


6. May I See a Sample of Your Lease?

Be sure to take a look at your prospective property manager’s lease before hiring. You want to ensure that it meets all legal codes and regulations and that there are specific addendums where you may have some input into how your home is cared for such as a Special Owner’s Addendum.


7. How Long Does it Take for You to Typically Fill a Rental Vacancy?

Another important question to ask is how long it takes for your potential property manager to typically fill a rental vacancy. Make sure that it’s in close contact with the average vacancy rate of your area.


8. How will you maintain my home?

What is the standard of care that is taken between residents to make sure that your home is always brought back to move in condition? Inspecting rental properties on a regular basis ensures that they don’t fall victim to any costly deterioration. It is also very important to bring the home back to move in condition and 100% clean between each resident in order to maintain the condition of your home.


9. What Do You Charge?

Understand exactly what the prospective manager charges, and what they charge for. Make sure to inquire about any additional fees as well. All fees should be disclosed up front before they begin managing your property.


10. What’s Your Renter Screening Process?

You want to ensure that your property manager is filling vacancies with responsible renters. This is done by performing adequate screening. Make sure that the manager runs thorough background checks on all potential renters. You should ask for a step by step process on how this is done.



 

Interested in Hiring a Property Manager? If you’re reading this post, it’s probably because you’re interested in hiring a property manager. Fortunately, you’ve found a reputable one. Call Robin at John Reider Properties for a free in-home consultation to discuss our services!

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Best Ways For Renters To Save Money

by Administrator 26. February 2018 13:47

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How To Make Your Home More Inviting

by Administrator 21. February 2018 07:50

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How To Attract Quality Tenants

by Administrator 16. February 2018 14:32

Any property owner who aims to maximize profits from their rental property would know that the best way to do so is by attracting high quality tenants. Tenants are usually keen on finding a property that looks visually appealing, is at a good location and is appropriately priced. Here are some pro-approved tips for attracting quality tenants.

1. Determine Your Target Market
In order to attract the right kind of tenants, it is important to be very clear on what your target market is. Are you looking for a family, student, an elderly couple, animal lover etc.? Prepare your property according to your target audience after considering what would appeal them. This way, you will attract tenants who are likely to stay longer.

2. An Impressive Listing

Prospective tenants usually check out internet listings when looking for a rental property. So creating an impressive listing is crucial in helping you get quality tenants. When writing a listing for your property, make sure it is descriptive and informative but at the same time concise and to the point. Pay special attention to the headline. It should be captivating. Also ensure that details of how to get in touch with you are clearly mentioned.

3. High Quality Pictures
Tap into the power of visuals to attract great tenants. Do this by representing your property in the listings with the help of beautiful high quality photos. Take close-up shots of the special spots such as an attractive entryway, flowers on the sidewalk, a swimming pool, a local library nearby etc. The pictures should be targeted towards the audience you are interested in.

4. Online Reputation
There are high chances that potential tenants will look for online reviews before shortlisting a rental property of their choice. A positive online image is likely to catch their attention faster. Request previous tenants to write positive reviews about your property. Always work towards providing your tenants with positive experiences in future as well to keep the goodwill going.

5. Conduct Regular Maintenance
Regularly maintaining rental property keeps it impressive at all times. Invest in some landscaping and cleaning services from time to time. With regular upkeep, there are fewer chances of things breaking down in the long term, thus saving your time and energy. It also helps while conducting a showing as you don’t have to stress about thoroughly cleaning and staging it. You are always prepared for an impromptu showing.

6. Thorough Screening
Screening tenants gives property owners important insights about their background, credibility and income. It becomes easier to judge whether the prospective tenant will be worthwhile or not. Try contacting previous landlords and references to know more about the tenants.

7. Provide Add-Ons
Add-ons are a sure way of making your property more desirable. Examples of add-ons are built-in wardrobes, air conditioning system, dishwashers, heating etc. Add-ons are high yielding long term investments.

8. Effective Communication
Communication plays a pivotal role in attracting quality tenants. Tenants prefer property owners who are approachable. Being able to answer their queries helps them visualize themselves in that place. More knowledge about the place will surely increase their interest in staying there.

We, at John Reider Properties offer a myriad of real estate services. For more information, visit 455 E. Central Texas Expwy, Suite 101, Harker Heights, TX 76548 or call at (254) 699 – 8300.

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Things To Consider While Hunting For A House

by Administrator 29. January 2018 06:30

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Checklist When Moving Out Of Your Rental Home

by Administrator 25. January 2018 07:45

Moving out of a rental house entails certain responsibilities and rights. As a responsible tenant, you should leave the property in best condition possible for the next tenant. You should also avail your right to get back the initial deposit paid to the property owner. Here is a concise checklist to help you stay on top of the game when moving out of a rental accommodation:

• Gather Your Documents - The first thing you should do when you are considering to move out of a rental accommodation is to gather all necessary documents such as tenancy agreement, move-in inventory report, receipts of your rental payments, receipts of repairs and maintenance that you paid for etc. Review these documents and cancel any active subscriptions and services.

• Notice - Every lease agreement contains a clause regarding giving a notice to the property owner before moving out. Take a look at your lease and make sure you give a written notice to the property owner at the right time which is usually 30 days prior to moving out.

• Clear All Your Dues - Re-check your obligations towards the property owner and clear dues if any. This could be in the form of pending rent or maintenance fee.

• Clean-Up - Clean up the house to a point of perfection. Ensure that you do not leave traces of trash or a nasty mess. It is a good idea to hire a cleaning expert for the job. Remove cobwebs, vacuum window treatments, clean the floor, re-paint faded wooden items, get rid of scrapes and scratches on walls, paint them if necessary, wash the insides of kitchen and bathroom cabinets etc.

• Final Inspection - When you are done prepping the house for moving out, schedule a pre-move out inspection with the property owner. Refer to the inspection checklist you received at the time of moving in. Get a copy of the final inspection for yourself.  Leave the keys at management office and don’t forget to get a receipt for same.

• Winding Up - On the moving day, take the readings of gas, electricity and water meters. Photograph them for proof of final readings. Shut gas and water valves, appliances and also the main power switch. Ensure that all the doors and windows are locked. Photograph questionable areas to have proof of their condition when moving out.

• Written Notice - When you are done with all the formalities related to moving out, send a written notice to your property owner requesting for a return of your initial deposit.

• Change Your Address - Intimate your property owner about your new address as that’s the address on which you will receive your security deposit. Get it changed with the post office and other institutions.
We, at John Reider Properties offer residential properties on rent to our clients. For more information, visit 455 E. Central Texas Expwy, Suite 101, Harker Heights, TX 76548 or call at (254) 699 – 8300.

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Home Improvement Techniques

by Administrator 23. January 2018 07:17

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Checklist For Tenants

by Administrator 27. December 2017 06:22

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Tips for Choosing the Right Tenant for Your Rental

by Administrator 15. December 2017 12:09

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