Rental properties require continuous investment, for example, regular maintenance. If you work with a property manager, regular inspection/maintenance of your property is just one of his or her many responsibilities.
Many landlords avoid maintenance to cut costs without knowing the repercussions. Doing so will take away a large percentage of their future rental income.
Successful rental property owners have a proactive mindset. They acknowledge problems before they potentially become disasters.
In this article, we’ll take a look at five maintenance principles that will help you make smart decisions as a landlord in Oregon.
Never skip the routine inspections. They can lead to the discovery of issues that tenants might ignore or fail to notice.
You need to inspect both the property’s interior and exterior. Even though your tenants might take part in maintenance, many people only focus on the interior. But some exterior issues are not to be taken lightly. For example, blocked gutters, rotting wood, and roof and drainage issues are common problems found in the exterior of homes.
When you leave the inspection to your tenants, you’ll risk the possibility of having to pay for big expenses instead of minor repairs. Even if you have diligent tenants, nothing replaces the landlord’s intuition about their property.
#2: HVAC System
You can choose to either take regular care of the HVAC system or prepare for costly repairs.
There are three practical steps:
A) Duct re-sealing
B) Professional servicing
C) Maintenance by your tenants
Duct re-sealing is something you should get done every 2-3 years. This procedure:
- Benefits the environment
- Boosts system’s efficiency
- Keeps the temperature under control
- Prevents unwanted backdrafts
- Raises air quality
- Saves money
At least every 12 months, you should order professional servicing. The company provides a thorough cleaning and replaces worn out details. As a result, your tenants will see energy savings and improved indoor air quality.
It’s very common for property owners to try and repair the home themselves. Don’t do this. It’s a very common mistake which landlords should refrain from doing.
Many landlords ask their tenants to share HVAC maintenance responsibilities. For example, you could provide brand new air filters and ask them to replace them once a month. Make sure your tenants know how to keep the HVAC system properly maintained. Creating a handy checklist is a great option for that.
#3: Floors & Walls
Paint the walls after every lease ends. A little freshening goes a long way.
You could either do most of the painting yourself or use online resources to find cheap painters in your area. In many cases, the cheaper price doesn’t come at the cost of quality.
Floor maintenance is important as well. While synthetic flooring needs less maintenance, hardwood floors need significant upkeep. Worn out and scratched hardwood floor calls for restoration. If the floor looks dull, you can conduct steam cleaning to make it shine again.
Landscaping takes up a lot of time. That’s why it’s smart to hire a professional instead of relying on your tenants to do it. Your tenants may agree to maintain the yard at first but you might not have the same extent in mind.
Landscaping increases your property’s value and raises the curb appeal. There are many benefits for people living in the rental property:
- Aesthetic value
- Better drainage
- Cooling effect
- Fight pollution
- Good for pets
- Fewer pests
- Noise absorption
Unkempt yards invite trouble. Opt for professional landscaping services to improve the properties overall appeal and keep the tenants happy. Compare different companies and their respective services. Often, the most valuable companies provide a wide variety of services.
When working with a professional property management company, they tend to have unique relationships with service providers in your local area.
If you’d prefer to do it yourself, make sure to mow the lawn, clean up the leaves, and trim all the bushes or shrubs. Check for any pest infestations and ensure the drainage and other systems in the yard work as expected.
#5: Water Heater
The replacement of a water heater can be very costly. If there’s any flooding, you’ll have to deal with unwanted trouble.
Landlords often overlook this crucial part of keeping their property under control. Check that you follow all the steps to ensure water heater safety:
- Allow for plenty of clearance around the heater
- Check the relief valve of pressure and temperature
- Ensure the anode rod functions without any problems
- Make sure there’s proper heater insulation
- Remove debris and sediment by draining the tank every 4-6 months
The bottom line: how to maintain your rental property?
Your rental property retains its value when you conduct regular maintenance. Inspections form the basis of an effective maintenance schedule.
Asking your tenants to keep an eye on things isn’t enough. They might fail to notice important signs of big problems. Poor focus on maintenance can turn into big expenses in the long run.
The HVAC system and water heater need to be checked somewhat frequently. Ensure that everything works as it should. When you see any wear and tear or potential issues, react immediately.
Floors and walls form a crucial part of your property. Keep them looking fresh by painting the surfaces after each tenant.
Landscaping stands for far more than curb appeal. There are many benefits to both the residents and landlords.