As the year winds down, December is the perfect time for property owners to get organized and set themselves up for a strong start to the new year. A quick year-end review can help you catch issues early, reduce expenses, and plan more strategically for 2026.
Here’s a simple checklist to guide your process:
1. Review financial performance.
Look at cash flow, maintenance spend, vacancy periods, and delinquency. Identify trends—good or bad—to guide next year’s budget.
2. Inspect your rentals.
A walk-through or professional inspection helps catch winter maintenance needs and deferred repairs that could become bigger issues.
3. Update vendor contracts.
Evaluate the performance and pricing of landscapers, cleaners, HVAC techs, and other vendors. December is an ideal time to renegotiate or switch if needed.
4. Evaluate tenant relations.
Check in on renewals, communication history, and maintenance responsiveness. Strengthening tenant relationships now boosts retention in the new year.
5. Review insurance and compliance.
Confirm adequate coverage, update documentation, and stay ahead of any law changes taking effect January 1.
A little preparation now can make a big difference in your portfolio’s performance next year. If you’d like support completing your year-end review, our team is here to help.