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Thread: What to do after your first tenant?

  1. #1
    Join Date
    Apr 2011
    Posts
    28

    Default What to do after your first tenant?

    Hi,

    I'm a newbie landlord. My first tenant's contract is about to be finished and he is not renewing. Assuming that I want to continue letting the apartment out, are there "usual" things that a landlord does to enhance the unit again? E.g. repaint the house, major cleaning (any contacts?), put new furniture etc (the unit was brand new when I rented it out to him)?

    Anything to lookout for when the tenant is checking out?

    Thanks for any advice!!

  2. #2
    Join Date
    Sep 2008
    Posts
    7

    Default

    Get a good housing agent to start marketing your unit as soon as possible. Your agent will be able to advise you on the things to look out for.

    Your tenant still has a 2 month deposit with you, so don't be too concerned about willfully damaged chattel. Refunds are normally in 2 weeks from handing over the unit back to you. Anything that is damaged due to wear-and-tear (e.g. sofa, mattress, etc) should be discussed with your existing tenant, but normally I just let it be and get new ones for the new tenant.

  3. #3
    Join Date
    May 2009
    Posts
    1,449

    Default

    Quote Originally Posted by primeesense
    Hi,

    I'm a newbie landlord. My first tenant's contract is about to be finished and he is not renewing. Assuming that I want to continue letting the apartment out, are there "usual" things that a landlord does to enhance the unit again? E.g. repaint the house, major cleaning (any contacts?), put new furniture etc (the unit was brand new when I rented it out to him)?

    Anything to lookout for when the tenant is checking out?

    Thanks for any advice!!
    get your agent to do the take over/hand over, ask them to assess the damage if any to recover from the deposit.

    Also can ask your agent to start to market your unit already, see the new tenant request then do up the unit. eg repainting or repolishing the floor or refurbish the furniture...etc

  4. #4
    Join Date
    Apr 2012
    Posts
    126

    Default

    Clean n tidy the place, post advertisement to look for tenants

  5. #5
    Join Date
    Jun 2009
    Posts
    2,511

    Default

    Quote Originally Posted by lkwangli
    Get a good housing agent to start marketing your unit as soon as possible. Your agent will be able to advise you on the things to look out for.

    Your tenant still has a 2 month deposit with you, so don't be too concerned about willfully damaged chattel. Refunds are normally in 2 weeks from handing over the unit back to you. Anything that is damaged due to wear-and-tear (e.g. sofa, mattress, etc) should be discussed with your existing tenant, but normally I just let it be and get new ones for the new tenant.
    I thought there is only 01 month deposit nowadays? Please correct me if I am wrong as my parents and in-laws are only given 01 month.

  6. #6
    Join Date
    Mar 2008
    Posts
    353

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    Quote Originally Posted by yowetan
    I thought there is only 01 month deposit nowadays? Please correct me if I am wrong as my parents and in-laws are only given 01 month.
    Probably 2 mths for 2 yr rental

  7. #7
    Join Date
    May 2009
    Posts
    1,449

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    Quote Originally Posted by yowetan
    I thought there is only 01 month deposit nowadays? Please correct me if I am wrong as my parents and in-laws are only given 01 month.
    1 year tenancy is 1 month, 2 years tenancy is 2 months.
    private property , this is the norm.

  8. #8
    Join Date
    Mar 2008
    Posts
    706

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    My advice is to not rush to buy new furniture, since some tenants may want to rent the place un- / partly-furnished. What additional stuff you will buy for the tenant (e.g. new TV) can be part of the negotiation exercise.

    Quote Originally Posted by primeesense
    Hi,

    I'm a newbie landlord. My first tenant's contract is about to be finished and he is not renewing. Assuming that I want to continue letting the apartment out, are there "usual" things that a landlord does to enhance the unit again? E.g. repaint the house, major cleaning (any contacts?), put new furniture etc (the unit was brand new when I rented it out to him)?

    Anything to lookout for when the tenant is checking out?

    Thanks for any advice!!

  9. #9
    Join Date
    Apr 2012
    Posts
    1,534

    Default

    Do up the house nice nice and focus on marketing your unit for the next tenancy ...

  10. #10
    Join Date
    Aug 2009
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    3,943

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    First, find out how competitive is your property first and then deciding the pricing.

    Request the tenant to tidy up the place.

    Ask more agents to advertise and work for u.

    I always start the viewing one month before the expiry of tenancy and see what is the potential want via Letter of Intent.

    If offer is not up to expectation, i will wait for the tenant to move out, clean up the place with a new layer of paint...this helps

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