For landlord, property manager, or investors, property is precious asset that needs to be taken care of. Thus, it needs real maintenance especially if the property is rented to the tenants. It is basic to maintain real estate property properly. Some rely on property management company and some rely on self-management. You won’t be able to enjoy long term tenant retention if your property is not maintained well. Your investment will be such a waste if you ignore the fact that proper maintenance is more than necessary.
Maintain real estate property in the best ways
Property maintenance includes preventive maintenance, ongoing maintenance, sudden repair, malfunctions solution, as well as remodel and construction issues. Those need to be included in your maintenance project. People who are involved in property business sometimes forget how powerful the maintenance is for the property value. They more focus on how to advertise their property to attract clients. Meanwhile, maintenance is the next responsibilities to do if you want your business to run well for a long time in the future. So here are tips to maintain your property.
The first principal to maintain your property is to make it presentable and comfortable. First of all, you can do regular inspection for your property. This is not a difficult task to do especially if you have only one property to be taken care of. Make sure you do regular inspection whether it’s weekly or monthly.
You need to make sure that all windows and doors are free from unnecessary gaps. Mae sure that they are sealed with weather proof sealant so they can avoid water intrusion and damage. Weather proof sealant will also keep the heat inside which results in warm environment in the house.
You can also maintain real estate property by monitoring the roof since it is also crucial part of your property. The roofs should be durable and strong to handle bad storms as well as high winds. The roofs should also resistant to water intrusion to avoid any damage to the interior parts.
For safety reasons, it is important to check the heating system as well as air conditioning. It doesn’t need to be monitored too often. Annual monitoring should be enough to make sure they work properly and safe for the tenants. This needs to be done to make sure that air flow function properly.
It is recommended to paint all wood on the exterior of the property. This is done to avoid deterioration of the wood as well as softness. That seems to be a minor issue but if you let that happen, it surely cost a lot than you thought. Thus, it’s better safe than sorry.
Property management doesn’t need to burden you. It’s the basic thing to do. You can include inspection and monitoring as your regular routine for property maintenance. This will save you from unnecessary expenses though. If you maintain real estate property in the best ways, you can save not only money but also time in the long run.