Today, we’re talking about what it takes to maintain your rental property if you’re an investor or a landlord. There are three events that occur when you own rental property, and you need to be prepared for all three.
General maintenance and repairs pop up on a daily basis, and you will need a handyman to take care of these ongoing issues for you. There are a number of things that will require troubleshooting and repair. Sinks will start leaking, towel bars will get pulled off the wall and there will be simple sheetrock repairs that need to be made from time to time. It’s important that you have someone available who can go in and address these needs as quickly and cost effectively as possible.
Emergencies can often happen after regular business hours and on holidays and weekends. It’s important to be prepared for situations that can cause significant and expensive damage to your property. These might include water leaks, water heaters bursting, air conditioning units failing or fires breaking out at your property. Any significant event will get worse if you wait too long to address it. That’s why it’s so important to have an after-hours emergency service to deal with these crises. You need to be able to prevent additional damage from occurring.
You also need to be prepared for maintenance issues during the turnover of your property. This is when you have one tenant moving out and another moving in. It’s important to have skilled people who can go into a property and handle the variety of issues that need to be addressed. This will help you prepare for the new tenancy. Take care of any cleaning that needs to be done and make any repairs or replacements to your appliances. You want someone who can take care of all these things professionally and quickly so you can cut down on the time your property is vacant between tenants.
These are the three different maintenance events that you need to be prepared for when renting out your property. If you need help with maintaining your rental home, or you’re not sure how to move forward, please contact us at Sweyer Property Management, and we’d be happy to help you.