Maintenance is a major component of the overall cost and profitability of any investment property. Overlooking or underestimating potential maintenance costs can be hazardous for new and experienced investment property owners alike.
At Real Property Management Humboldt here in Humboldt County, we break down maintenance into three general categories: Routine maintenance, Preventative maintenance, and Emergency Maintenance. The better the routine and preventative maintenance the fewer chances of any potential surprises.
When talking about property management, boring is better and nobody likes expensive surprises.
The routine maintenance is work performed in regards to tenants moving in and out of the property. These items include minor items like carpet cleaning, paint touch up, and minor cosmetic repairs. This routine maintenance keeps the unit looking sharp for greater curb appeal and shorter vacancies.
To keep your rental property running smoothly it’s important to implement a good preventative maintenance strategy. For example, preventative maintenance would include changing the air filters for the HVAC system, clearing the dryer vent,
Having a preventative maintenance guideline to work off is a key aspect to successful professional property management and can save you thousands of dollars over the lifetime of your investment. The old saying, “If it ain’t broke, don’t fix it” does not apply to preventive maintenance, instead, we want to fix things before they break.
Lastly and most importantly, we have emergency maintenance which requires a landlord to be ready 24 hours a day. This can include leaking gas, sparking electrical connections, flooding from pipe bursts, or a clogged toilet if it’s the only one on the property, etc. Basically, anything that can potentially endanger the tenant or structure of the home.
Surprisingly, these types of issues do come up and more frequently than one would think. Anything can happen at any time and you, as the landlord, need to be prepared to deal with any emergency that may come up.
For times like these, it’s beneficial for a landlord to have the services of a property manager on their side. Property managers respond to these issues for you and have trusted vendors on hand to help fix any problem quickly.
As a landlord, you need to address many types of maintenance issues and be available at all times to respond to problems that can become more damaging over time. By having a property manager, however, you can rest easy at night knowing your property has a dedicated staff available 24/7 to respond to any issues for you.
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