Getting empty units cleaned, repaired, and refreshed as quickly as possible helps you get new residents in faster and can reduce the loss of rent revenue.
Here are four ways you can speed things along when working a turn.
1. Set A Realistic Budget
As you perform preventive maintenance checks throughout the year, keep the age and condition of your buildings in mind, and consider the expected lifetime of the maintenance, repair, and operations (MRO) products currently installed within each unit.
For example, if old piping or a faucet keeps leaking, you might want to incorporate replacements into your turns budget. This can help you save more in the long run by not needing to perform any additional remediation. It can also help prevent any drastic miscalculations in your budget, because expecting the same MRO costs year after year is unrealistic and unsustainable.
2. Plan Ahead For Unit Turns
You'll usually have advance notice of when a tenant is not going to renew his or her lease. To save time and money, plan to start refreshing or remodeling the unit the day after it's vacated. Stocking up on products well in advance of the unit turn is critical, especially if you need higher-level approvals on larger MRO orders. Starting ASAP also prevents any unnecessary delays in the turn timeline.
For additional help on sourcing replacement or repair products for every room in the unit, use our Property Turns Guide.
3. Simplify And Streamline The Turns Process
Most likely, the units you are turning have a variety of products that need to be replaced, repaired, or refreshed. With more than 100,000 quality maintenance, repair, and operations (MRO) products available, HD Supply Facilities Maintenance is your go-to source for apartment properties. Some items you may need include: