Owning a rental property is much like owning your own home. Performing certain upkeep on your rental property can save you lots of money in the future. You cannot live in your home without expecting to make some repairs, and your rental property is no different. It is imperative that you catch problems before they get bigger to ensure you are not faced with bigger issues. Everything from preventing pests to replacing your filters can be a great way to take pride in your rental property and secure better tenants. Here are some of the ways you can manage your property through preventative maintenance.
As a property manager, it is your job to create a safe and healthy environment for your tenants. Statistics show that more and more renters are choosing to rent. In fact, about 22 million more people rented in 2014 from 2006. The last thing you want is a medical bill from your tenants stating they had to receive treatments due to mold exposure. To prevent mold from growing in your rental property, you want to make sure you don't allow any moisture under surfaces. To prevent mold and mildew from growing, you want to go around and caulk all seals around any moisture areas.
Place Your Appliances on a Plan
From your water heater to your air conditioning unit, these can be very costly to replace. To avoid replacing them before their due date, you should talk to an HVAC company about putting them on a preventative maintenance plan. This allows a professional to come out and check your units periodically so they can check for potential problems. Things like lubing working parts, cleaning electrical components, and unclogging vents can help increase the efficiency of your appliances and prolong the life of them.
Spray for Pests
Pests can wreak havoc when you least expect it. If you wait until animals start creeping in and causing problems, you could end up spending lots of money on damages from the pests. It is important to be proactive when dealing with stray animals. Do your research and figure out what type of animals can pose a threat to your home. It is important to spray for pests in between tenants moving in. You do not want to scare them off by making them think there is a pest problem. Everything from roaches to mice should be taken care of. Talk to your local pest control company to determine how often you should be spraying.