How does OneStopPM handle the vacancy period?

Vacancy is a part of being a landlord, but that doesn’t mean it needs to be a headache. The goal during the vacancy period should be to 1) make necessary repairs to increase the value of market rent, and 2) get the property back on the market as quickly as possible to reduce the loss of rental income. While the process may seem daunting, having a property manager assist you in the necessary steps can greatly improve your experience with vacancy as you are advised on recommended repairs, gain access to their preferred vendors, and follow a dependable plan to help keep you focused on a quick, cost-effective turnover.  

At One Stop PM, it is our shared goal with you to get your property occupied as quickly as possible. To ensure this happens, we have streamlined a process that helps us and our clients expectations and move through the necessary steps quickly. Before the home even becomes vacant, we will prepare a Property History Report, which consists of a review of the annual property survey and maintenance history to identify any issues that may need to be addressed before a new tenant is placed.  Prior to the tenant leaving the unit, we reach out to the owner to discuss preliminary recommendations and begin obtaining estimates for recommended repairs. 

We present 3 levels of make-ready grades to our owners, each addressing both basic repairs and offering optional upgrades that will likely improve the market rent.  Painting walls and cabinets, replacing flooring, upgrading finishes and fixtures, are all examples of property repairs that will increase the value and rentability of a home. In the example below, a client approved of upgrades and saw a substantial return on rent. 

"As often as possible, we get approval for repairs prior to tenant exiting so that we can immediately begin the necessary work once the tenant vacates the home. When everything goes smoothly, we see property go from vacant to market-ready within 3-4 weeks for an average property," says Colin Shumaker, Assistant Property Manager. Extensive upgrades typically add a week or two.  When tenants leave the property in good condition, we can typically start marketing within a few short days of the tenant moving out!   

Because of our specialized training, experience, vendor connections, and streamlined process, we can execute a hands-on technique most owners cannot accomplish independently.  Additionally, starting our process prior to vacancy allows us to minimize the vacancy period for our clients.  Thus, we accomplish the goals of maximizing the rental value for the property and minimizing the loss of rental income during vacancy.