Today we are going over maintenance and the importance of keeping your units up. If you take care of preventative maintenance, it will actually become cheaper for you in the long run than letting maintenance go.
For example, if you fix up a unit so it looks great before a tenant moves in, you’ll get a higher quality tenant. If you save a few bucks and the unit isn’t clean and doesn’t have fresh paint, the person renting isn’t going to care about your unit. When you get it back, you may find it’s trashed with holes in the walls and broken doors.
Take care of the outside of your buildings. When people come to look at a rental home, they’ll want to look inside when the outside looks good. You might have the nicest unit in the world, but if the exterior looks crummy, people won’t want to go in and look at it.
Make sure you inspect your roofs. We get a lot of hail and wind damage in this area. Go up on your roof and look for dings that might be caused by hail. You’ll have to decide whether you want to file an insurance claim. Sometimes, insurance companies will cover some of that, but they are getting tight so they’re not as apt to give you a new roof as they once were.
You want your driveways to be smooth and sidewalks should not have any cracks. The number one reason for lawsuits against investment properties is slips and falls. Smoke and carbon monoxide detectors are required by state. Change your furnace filters on a quarterly basis and have the furnace serviced annually. Tenants might not check the filters and if you aren’t changing them, you’ll be buying a new furnace. Light fixtures need to be lit up on the outside – this is a safety feature. Just keep them on all night by rewiring some switches.
If you have any questions about preventative maintenance, please contact us at Kirch Property Management.