The holidays are getting closer and closer. It’s a busy time for everyone, including Landlords and Property Managers. Here are some steps to take when preparing for the holiday season.
Do communicate with your tenants
Encourage your tenants to inform you if they are going away for the holidays, for safety or security concerns and to better prepare yourself. Also get emergency contact information in case of any urgent matters, such as an emergency repair or some other unforeseen event that results in property damage.
Don’t let your guard down
The holiday season is prone to burglaries, check any vacant properties before Christmas to ensure that they are secure. Speak to your tenants about checking that their locks or alarms are in good working order, especially if they are going away for the holidays.
Do minimise vacancy rates
Instead of waiting for the holidays to pass, make the extra effort to market your vacant properties during this time. People searching for available property rentals during the holiday season are more likely to be motivated renters. The upcoming New Year is a time of change for many people, so you can take advantage of that and up marketing efforts.
Do connect with your tradies
It’s essential you track which trade service companies will be available during the holidays in case of an unforeseen emergency. Update your list of available trades and have them ready to attend to any issues reported by tenants should the need arise.
Don’t forget to reflect
The holiday season is also a great time for property owners to reflect on the past year, look at your strengths and weaknesses, and see how you can improve yourself in the year ahead.
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