Now that college is over, most college kids are moving back home for the summer. This means that the students are leaving rental properties all around town. Here in The New River Valley we have an abundance of students who rent out apartments, townhomes, and houses. What do you need to do now that your tenants are gone or preparing to leave?
First things first, return their security deposit as quickly as possible. Returning it in time will keep them happy and you abiding by the law. As soon as the lease is up, go in and check the house thoroughly to make sure that there isn’t any damage caused by the last renter. If there is damage then decide on how much of their security deposit you give back.
If the renter has failed to vacate the rental property at the end of the lease you must evict the tenant who has overstayed their lease, you can obtain a judgment requiring them to leave due to unpaid rent, and can later deduct the judgment from the security deposit once cleaning and repair costs have come out.
Abandonment of personal property is different case by case. If the tenant had a planned move out date and the date has passed, keys have been returned, and it is mutual between the renter and the property owner then the property owner may proceed with disposing of the left over items. If the tenant has to be evicted then it’s a completely different situation. You will then need to search your state laws prior to proceeding.
Securing the property is a must during the summer months. Especially properties that are closer in proximity to the university or other college rentals. These types of properties are usually well known around college towns as student housing, which can ultimately lead to break ins. If you have the proper security measures in place it will save you time and money in the long run. Real Property Management Insight offers a caretaker protection plan. With the caretaker protection plan you can keep your mind at ease knowing that your property is being watched after. This plan is in place for people who live out of town and can’t actively be present to check on their properties.
If this all seems like too much to handle, Real Property management Insight is here to help! Contact us today and we can handle everything from screening potential tenants to avoid having to evict, to providing proper documents and conducting an eviction. Our goal is to ease your mind as a property owner. Own the home, and not the Hassle!
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.