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Updated about 7 years ago on . Most recent reply
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Are these rental turn/make-ready costs reasonable?
After my tenant moved out after his year lease on my 4/2, 2000 sqft, 100K property in Indy, here are the make-ready estimates I got from the PM for the larger items along with a few other minor issues:
- Paint assorted walls & entire rooms - $775
- Carpet cleaning (tenant already cleaned the carpet & produced receipt, but the carpet is not clean enough) - $250
- Replace laundry room vinyl floor, since badly stained - $650
This property was completely rehabbed just over a year ago before the tenant moved in, so these issues don't seem to be normal wear & tear within a year.
What is an "average" make ready costs that others have seen? What of these costs would you go back and hit the tenant for?
Thanks in advance for any feedback
Most Popular Reply
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I would be interested in seeing a video walk-through by my PM. We get 2-3 turns from a paint job, with only spackling nail holes and touch up paint with a Qtip. We wash woodwork and trim down. And how was the vinyl floor stained in just a year? Is it just a little rust from washing machine feet, that will be covered by the next tenant's washer?
If these are legitimate repairs, I would charge them all to the tenant, but you first have to make sure your property manager is not exaggerating the condition. Property repairs can be a big profit center for PMs.
A clean, fresh smelling carpet is a must, so the carpet cleaning charge sounds reasonable.