1836 PM MONTHLY STATISTICS OVERVIEW
AVERAGE NUMBER OF DAYS IN ONBOARDING
When we onboard a new rental property into our portfolio, there are certain tasks that MUST be completed which will affect the amount of time it takes for that property to be appropriately ready for market.
During this phase of the process, our onboarding specialist works directly with the rental owner to obtain keys, codes, cards and remotes to the property. Additionally, they also ensure that a maintenance reserve is funded, that all appropriate utilities are turned on, a property walkthrough has been scheduled, lockboxes have been placed on the property, and any necessary property make-ready projects (including professional cleaning and repairs) have been scheduled and completed. Then we’re ready to list the property on the market!
This tried and true procedure is what allows us to get the absolute best tenant in contract for each property and with a competitive rental rate to earn a higher ROE for the investor. Every new property we receive is different, so remember this data is an average of our entire portfolio of properties. Some properties may spend 1-2 weeks in onboarding, while others may need upwards of 4 weeks of attention. This timeline is largely dependent on the condition in which we receive the property.