Most budgeting experts recommend putting 10% to 15% of the annual property rent aside for maintenance. Although maintenance costs differ from property to property, it's important for landlords to maintain adequate funds.
Rental property maintenance attracts tenants and keeps you compliant by offering a safe and livable environment.
Not sure what property maintenance you need to keep up with? Read on to learn from our brief checklist.
Pest control is an important element of property maintenance because pests can cause damage and create health risks. Ensure that there are no pest infestations building up on your property.
Complete professional pest spraying on an annual basis at least. If your tenants note any pest problems in their unit, work to eradicate the problem immediately.
Water damage from leaks can make it hard to maintain a property and can cause mold. As you complete rental inspections and walkthroughs, remember to look for small issues that could become major.
Water is one of the most common problems that can start small but end up doing a lot of damage.
Check all water sources to make sure water is contained. Toilets and faucets should be in good working condition. Ceilings and walls should also be clear of any signs of water damage.
Roof and Gutters
The roof and gutters are often overlooked points in real estate maintenance, but a damaged roof is dangerous. Make sure shingles are not seriously damaged because they can cause leaks.
Keeping gutters clean helps the water flow away from the property so everything stays dry. Clean gutters also decrease possible fire hazards.
Looking at ceilings can also help identify damage caused by the roofing system. Patch cracks in the ceiling to keep the damage under control before spreading.
AC and Furnace
Your property's HVAC system is a high expense you'll need to take care of to avoid costly repairs. A very simple practice you should always complete for tenants is changing the AC and furnace filters at least twice per year.
Clogged and dirty filters have to work harder and can cause premature failure. Fresh filters are simple updates that can prolong the life of your HVAC system.
Another good practice to follow is to flush the water heater twice a year to keep everything running smoothly.
Smoke and Carbon Monoxide Detectors
All rental properties should have working smoke and carbon monoxide detectors. Anytime you inspect units on your property, do a quick check to make sure these detectors are effective.
Detectors beep when the batteries are low so have your tenants notify you when this happens. Be a good landlord by replacing batteries in a timely manner to give you and your tenant peace of mind.
Use This Property Maintenance Checklist
This property maintenance checklist can be used as a basis during property inspections. When you keep up with pest control, water damage, roofing systems, HVAC systems, and smoke detectors, you and your tenants benefit.
Protect your investment by using this guide and hiring the best property management team. Contact us today to learn more about our services to get started.