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Landlording on AutoPilot, 2nd Edition by Mike Butler

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CHAPTER 16Mike's Move-Out System Makes You Money

Imagine this…. Your resident has given you notice they will be moving. First, find out why they are moving. Job relocation, divorce, downsizing, upsizing, etc. If these are great tenants, do your darned-est to move them into one of your rentals to keep your great tenant in your rental portfolio. If you can not accommodate them, your next step is pull the trigger on using your Move Out Package and System. You send them the Move-Out Package by email and text. It includes four pages in PDF format.

  • Page 1: Notice of Receipt to Vacate. This page acknowledges your company has received their notice of their intent to vacate the premises AND it gives them a short synopsis of what to expect. They are very concerned about getting their Security Deposit refunded to them and this is addressed in page 1.

    Also, you give them the opportunity to earn some huge bucks (referral fee) for cooperating with you in finding your next great resident.

  • Page 2: Move Out Instructions
  • Page 3: Price List for the most frequently charged items resulting from the Move Out Inspection.
  • Page 4: A simple four-question survey.

Use this system properly, your moving out resident will make your rental “rent ready” while they are paying you rent! Sounds crazy, doesn't it? But it works. This is amazing and will slash your turnover costs. I can't tell you how many times our residents who are moving out have the place immaculate and a lot more than just “broom clean.” In ...

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