Maintenance issues will exist in every rental property, regardless of its age and condition. If you stay ahead of these issues, your property maintenance costs will be lower and your property will remain in excellent condition. Today, we’re sharing some tips for how to put together a rental maintenance plan and budget.
Cleaning your gutters before the rainy season is a great way to prevent leaks and property damage. You should also have a landscaping and lawn care regularly scheduled. Have a contractor inspect your heating and cooling units annually, and make sure you’re paying attention to things like pest control and painting. If you put together a maintenance schedule and stick to it, you’ll have a lower risk of being surprised by expensive and sudden repair issues.
Rental Property Maintenance Budget
Talk to your property manager about your maintenance expectations and your budget. If your property manager has the authority to make small repairs without prior approval, they’ll be done faster and more efficiently. That keeps the tenant happy and ensures your home doesn’t suffer further damage. Larger projects should require your approval, but don’t hold up the maintenance process by insisting that you know about inexpensive repairs before they happen. Waiting too long to fix something will only cost you more money.
Property Management Orlando: Emergency Maintenance
Tenants always need someone they can call if there’s an emergency. During worst case scenarios, your property manager will be an invaluable resource. We can be immediately accessible and able to take care of anything urgent at the property. Set aside some money out of your rental proceeds every month to cover emergency expenses and repairs. It’s essential to be prepared and to have a plan of action in place for immediate repairs.