Today’s blog is about how to handle maintenance issues for your investment property.
Even when your property is in outstanding condition, you’re going to have maintenance issues once in a while. This is not necessarily a bad thing because keeping up on maintenance protects your home and ensures you don’t run into larger, more expensive problems down the road. Taking care of a slow leaking faucet is a lot better on your budget than ignoring the leak and then having to respond to a flood in your kitchen later on.
Take care of all minor repairs before your tenant moves in, and be responsive to any issues during the tenancy. When you take good care of your property and demonstrate that maintenance and upkeep is important, your tenant will learn from that. When you care about your property, your tenant will too.
Always encourage tenants to report problems immediately. Make it easy for them to do, whether it’s providing a 24 hour telephone hotline or giving them the option to report maintenance issues online. You want tenants to bring issues to your attention right away, so you can take care of whatever the situation may be. The best way to encourage their prompt reporting of problems is by responding to them right away. Tenants don’t want to wait weeks for something to be fixed. Make it a priority.
Never avoid your preventative maintenance tasks. Have your air conditioning and heating systems checked and serviced at least once or twice a year. Clean out the gutters, change the smoke detector batteries and stay on top of pest control. If you conduct regular inspections of the property, you’ll be able to take a look around and see if there is anything else that needs to be taken care of.
When you do send a contractor or a vendor out to do repair work, make sure you’re choosing the right person for the job. Don’t send a handyman out to the property to take care of a problem that requires a licensed professional. That’s only going to put your property at risk. Establishing relationships with vendors before you need them will make it a lot easier for you to schedule repair work. If you try to contact a plumber you’ve never worked with before early on a Saturday morning with a request for emergency help, you’re not going to get very far. However, if you have those relationships in place with HVAC contractors, plumbers and other vendors, you’ll know who to call and you’ll know what kind of service to expect.
You need to take maintenance seriously in order to protect your property and keep your tenants happy. If you have any questions or you’d like more information, please contact us at Rent it Network.