What condition does a property need to be in before RPM can take it on?
RPM specializes in the management of properties that are ready to rent e.g. "Rent Ready". A property needs to be rent-ready or near rent-ready before we can begin the leasing process.
The three lists below - Standard Maintenance, Non-Standard Maintenance, and Major Maintenance - give all the issues that would prevent a property from being rent-ready.
If you believe your property is rent-ready or near rent-ready, we will conduct a walkthrough when we start management to confirm the state of the property. If the property meets all our criteria for rent-ready, we will start listing and marketing it for rent.
If our walkthrough finds issues, there are three possible outcomes, detailed below.
Standard Maintenance
If the property only requires standard maintenance, we will coordinate repair all issues as part of normal management. The following issues fall under standard maintenance:
Keys do not open all doors
Lawn not maintained
Outside has trash and debris
Garage not clean
Light bulbs missing
Outlets missing covers
Smoke and CO detectors missing
Cleaning needed
Doorknobs not in good condition
Screens missing or not in good condition
Non-Standard Maintenance
If the property requires non-standard maintenance, we can secure one bid to repair all issues. Alternatively, we can pause management while you make the repairs yourself or with one of our trusted contractor partners directly. The following issues fall under non-standard maintenance:
Porch, steps, or walkway not in good condition
Floors not in good condition
Walls not in good condition (including issues with paint)
Fixtures missing or not in good condition
Appliances broken
Not all doors and windows secure and in good condition
Major Maintenance
If the property requires major maintenance, we may pause management while you make the repairs yourself or with one of our trusted contractor partners directly. The following issues fall under non-standard maintenance:
Mold or mildew
Furnace not running (but gas and electricity are on)
Hot water tank not running (but gas and electricity are on)
Backed up or broken sewer line
Cracked foundation
Roof issues of any kind
Utilities and Compliance
Additionally, we require utilities to be active and registered in the name of the owning entity, as well as the property to be insured as a rental property before we assume management. If you are not familiar with the utility or insurance status of your property, you can contact the relevant utility department that services your property. If you want RPM to handle utilities turn-ons for you, please refer to this article for Gas & Electric, and this article for Water & Sewer.