5 Do's of Property Maintenance for Successful Property Management

 

If you own property, whether you live in it or rent it out, keeping your property in good condition can be difficult and time-consuming, especially if you’re not around to do any of the maintenance work yourself? Luckily, there are many steps you can take to ensure that your property remains in good condition at all times, even when you’re not around to do the work yourself. These five do’s of property maintenance will help with everything from simple home repairs to creating an effective system for monitoring your tenants’ needs and concerns. Let’s get started!

1) Do have a property maintenance plan

A property maintenance plan is a document that helps lay out what needs to be done on a given property throughout each season. The plan should go over things like regular inspection dates, current goals and past successes. The right plan can ensure you are doing everything you can to maintain and protect your property. Property Management Flemington software can help you create, manage and store these documents easily.

2) Always assess your property early

Regularly inspecting and assessing your property is a crucial part of property management. These assessments allow you to catch issues early so that you can address them immediately. Property issues left unattended are more likely to become more significant and expensive over time, meaning frequent assessments can save you from spending more money on your properties down the road. The sooner an issue is addressed, typically, the less money it will cost overall.

3) Do keep up-to-date records

Keeping a detailed account of repairs, as well as regular maintenance, allows you to keep track of what has been done and when. This is also important because it enables you to take appropriate action in case a former tenant was responsible for damage or neglect. Make sure your tenant leaves your property with no loose ends by performing a final walk-through before they move out. There may be items that need to be replaced; depending on your rental agreement, you may or may not have any liability in these situations.

 

4) Do your research before appointing contractors

A poorly-executed renovation or repair project can be an expensive exercise. Before you appoint a contractor, do your research and ask friends and family for recommendations. If possible, have at least three contractors come out to give you quotes on your project. Property management is about building relationships – so take your time to find a good property manager to help keep your tenant’s happy. As property manager, it is important that you are fully aware of all maintenance issues before they arise, so you can act accordingly.

5) Know how to save money on repairs

Hiring Property Management Flemington companies can be expensive. If you plan ahead and are proactive, you can save money on repairs. For example, fixing a small leak early means it won’t have to be replaced later on. Repairs will also last longer if they’re properly maintained—it makes sense to care for your stuff so it doesn’t need replacing any time soon!