As an investment property owner, maintenance and repairs are an inevitable aspect that goes along with managing a rental property. If you did the correct, quality vetting of the tenant, then you should have a tenant that is going to pay rent on time and maintain your property. Now, let’s look into the aspect that goes along with every rental property… Maintenance.
The Listing Real Estate Management is a professional property management company that services the Greater Orlando area. We are here to share with you how to properly handle property maintenance and repairs.
The first step in handling maintenance and repairs of your rental property is to decide whether the issue is an emergency maintenance item or non-emergency/routine maintenance issue. At this point, we are going to handle a routine maintenance request.
When owning a rental property, the key is to pocket as much of that monthly rental rate as possible. This means trying to troubleshoot some of the small maintenance requests that come in. Many times the issue can be as simple as pressing the GFCI or removing appliances from outlets from an overload or pressing the pilot light on the hot water heater. These issues can be resolved through a simple troubleshooting phone call or helpful article. Take a step back and see if you can diagnose what the problem could be. Do not instantly call your handyman to head over to the property to press the reset button on the GFCI outlet.
Routine property maintenance and preventative maintenance in Orlando can save you a lot of money in the long run, after all, real estate investing is a long-run outlook. It’s much better to service those bigger ticket items such as roof, heating and cooling systems, water heaters, plumbing, etc. Keep the service and maintenance up to date, that way you won’t have to get the news that you need to install a new air conditioner. It’s important to be ahead of the curve to save you more money down the line.
Timely and responsive maintenance is essential for both your rental property and to tenant relations. If there has been a small leak under the sink that has been dripping for weeks, and no tech has come by to fix it, we can assure you; tenants will not be happy. Also, by not addressing the small leak under the sink, you have now accumulated much more damage to your property. By resolving issues and getting maintenance handled, the tenant is going to be much happier residing in your property. This is excellent news; happy tenants are more likely to renew their lease agreement, avoiding turnover and vacancy time on the market.
With those simple techniques, you can save yourself a lot of time, money and resources when it comes to the inevitable aspect of property maintenance and repairs. We are here to help, and if you have any further questions about how to handle your property maintenance, please contact us at The Listing Real Estate Management, the best choice for Orlando property management.