Are you re-leasing in Santa Clarita? Here’s our quick and painless process for tenant turnover that doesn’t eat into your profits.
If you’ve rented out property before, then you know one of the most stressful experiences for an owner is re-leasing your property after your current tenant decides to vacate.
There’s so much to do, and every day the property sits empty, you’re losing money.
But re-leasing doesn’t have to be stressful – and it doesn’t have to eat into your profits.
With SCREM on your side, re-leasing is as easy as collecting a check.
What’s Re-leasing?
Re-leasing occurs when your property is already under management, and the current tenant decides to vacate the property. That means it’s time to look for a new tenant to re-lease your property.
When you don’t have the support of a property management company, this process falls entirely in your lap – and can often bring headaches, hard work and frustration. But with the right property management team on your side, it’s a whole different experience. In fact, at SCREM it can be handled with just a couple of phone calls.
Whether your tenant vacates because of a move out of state, a new job, or the decision to purchase a home, this transition needs to be handled quickly and efficiently to maximize your profitability. But it also needs to be done right, if you want to find the best new tenant possible.
“When a tenant decides to vacate a property, that’s when we call the property owner and ask if they would like to re-lease the property with a new tenant,” explained Steffanie Stelnick, CEO and President of SCREM. “With SCREM, it’s a quick and painless process because we have an entire team of people dedicated to doing this for you, from start to finish.”
Understand the Re-leasing Process
To be re-leased, your property must be reassessed, marketed, moved out, inspected and updated. The property may also need some repairs. Then you can begin the process of finding and vetting new tenants, as well as preparing and signing the lease.
With SCREM on your team, however, your property can be re-leased in as little as 4-7 days.
1. Assess Current Market Value
At SCREM, the very first step of the re-leasing process is to notify the property owner that the tenant will be vacating. Once that’s taken care of, we connect the property owner with our marketing director, who can provide an expert recommendation on the property’s current market rate. This part of the process is crucial.
“Sometimes we have tenants who vacate their property after 10 years,” Steffanie explained. “As the property owner, you can’t just rely on the same rent pricing from 10 years ago. In fact, rent has gone through the roof, especially since the pandemic.”
Next, our team will set up a thorough move-out inspection, to get a clear picture of the current condition of the property. Once that’s complete, the marketing director will contact you with recommendations for the property, to make sure you can price it at fair market value.
Then it’s time to get it re-leased with a new, qualified tenant.
2. Find & Vet Excellent Tenants
Finding and vetting the right tenant for your property can be a time-consuming and stressful process if you don’t have the right support. At SCREM, we have a processing department that works strictly on vetting tenants and helping you find the best fit for your property.
“Our team has been doing this for over 20 years. We have a less than 1% eviction rate because we vet the tenants so well,” Steffanie explained. “We get their bank statements. We talk to their previous landlords if they have a rental history. We do all that for you.”
Once SCREM has vetted the pool of applicants, a property manager will contact the owner with the top five choices that made the cut.
“We go over all the pros and cons, and then you make the final decision about who will rent your property,” Steffanie said.
3. Prepare the Lease
Once the owner has selected the best possible tenant for their property, our team gets to work preparing the lease. And there’s a significant benefit to creating your lease with SCREM.
“I review every single lease that we send out at SCREM,” Steffanie explained. “That means I make sure the contract is good, so you don’t have to worry about anything.”
4. Oversee Move-in & Payment
Once the lease has been reviewed and signed by both parties, it’s time to move the new tenant into the property. With SCREM, our on-staff licensed home inspector handles the move-in inspection to ensure the property is in excellent condition before it’s handed over to the tenant.
“Then it’s time to collect the security deposit and first month’s rent, which we also handle for you,” Steffanie said. “And then we give you a check on the same day. It’s that easy.”
5. Avoid the Pain of Re-leasing
“We know re-leasing is a pain. That’s specifically why you hire us as a management company,” Steffanie explained. “I have rentals myself, and I hate re-leasing. When I used the re-leasing process at SCREM, it made my life so much better, and I know it will make your life better, too.” We want to help you re-lease your property easily, efficiently and profitably.
Even if we don’t manage your property, but you’re a lease-only client, the re-leasing process is included. We do that all for you.
So please contact us today to go over all your different options when it comes to successfully and easily re-leasing your rental property.
About Southern California Real Estate Management Inc.
Southern California Real Estate Management Inc. was founded in 1987, and has grown to become the largest property management company of individually-owned single-family homes and condominiums in the Santa Clarita Valley. Our locally owned and operated company currently manages about 700+ homes in Southern California. Our Team specializes entirely in residential property management.