06 Aug 5 Tricks from the Pros to Better Maintain a Rental Property
As a property manager, you have to juggle several tasks at once. While it can be difficult finding tenants and addressing tenants’ concerns, that’s not the hardest part of the job.
Many property managers agree that one of the hardest parts of the job is handling maintenance.
Maintenance issues can cause big headaches, so you’ve got to have to plan in mind for how to tackle the problems.
Check out these 5 tricks from the pros so you can better maintain your rental property.
1. Perform Routine Inspections for Water Damage
Water damage can lead to mold damage, which can lead to major problems. Follow the EPA Mold Guidelines to ensure that you’re conducting the proper mold inspections on your property.
Check for common leaks by examining grout in the bathroom. Check for cracks or other deficiencies in your structural foundation. Make sure you also inspect your windows on a regular basis. Damaged windows can lead to inefficient heating or cooling, and that can allow water to come in.
With regular inspections for mold and signs of water damage, you can take a proactive approach to maintenance. Being proactive and tackling a minor issue is a lot easier than reacting to a major problem once it has already occurred.
2. Stay on Top of Pest Control
Pest problems can arise on any property, but multi-family units are especially vulnerable to pests like bed bugs. It is important to stay on top of pest control issues and do what it takes to prevent issues before they arise.
Hire a professional exterminator to visit your property monthly or bi-monthly.
Maintaining a service contract with an exterminator will cost you money, but it can save you money in the long run. Bug infestations and damaged caused by insects like termites can be costly issues to resolve. It will save you money over time if you catch a problem early and prevent widespread damage.
3. Hire a Landscaper
A well-maintained lawn is essential to any property. No matter how big or how small, it’s important to keep your lawn and grounds looking their best at all times.
Hiring a landscaper can help to increase the curb appeal of your property and increase its overall value. And while a landscaper will cost you money, having one can actually save you money down the road.
Professional landscaping means more than just mulching plants and mowing lawns. A landscaper can also improve your irrigation system, which can save you lots of money on your water bills. If your irrigation system is leak-free, that efficiency will cut down on your water service.
Proper landscaping can even save you money on your electric bill. The placement of trees on your lawn and around your property can lower the air temperature, which can reduce your air conditioning bill.
In addition to tending your lawn and green spaces, landscapers can also help to clean and keep your gutters free from leaves and other debris.
4. Care for the HVAC System
Routine care of your heating and air conditioning systems can save you big money. With regular maintenance, filter replacement, and vent cleaning, you’ll get a much longer life out of your system than if you skip those steps.
When HVAC systems are regularly cleaned and inspected, they run more efficiently. That efficiency can cut down on your electric bills and can eliminate the need for replacement units.
A well-maintained HVAC system can last for decades, so have an HVAC professional service your system to get the most out of your unit or units.
Make sure that you change your air filters on a regular basis. Professionals suggest getting your air conditioning unit and your heating unit serviced once each year.
Don’t skip the annual check—it’s essential to maintaining your systems and providing clean, safe heat and air for your tenants.
5. Pay Attention to the Water Heater
Don’t overlook the importance of your hot water heater. There are some basic steps that you can take to increase the efficiency of your water heater and keep the system operating safely.
Set the temperature on your water heater to 120 degrees. This makes it powerful enough to heat your water but will cost less to run than a heater set at a higher temperature.
Drain the tank at least once a year to remove sediment build-up. If you’re handy, do it yourself. If not, hire a professional to come in every twelve months to do the job for you.
It’s also important to check the pressure valve. The pressure valve exists so that if there is too much pressure in the tank, the valve will release that pressure. If your valve is not operating properly, your tank could explode.
Managing a property can be easy work if you know what you’re doing. The key to good management is to know the tasks you can handle yourself and know when it’s time to call in the professionals. Take a proactive approach to building maintenance. By being proactive, you’ll endure a lot less headaches than if you have to address a problem after it’s happened.
Perform routine inspections for water damage that can lead to mold. Mold remediation services can cost thousands of dollars, so take the time to do regular inspections that can catch a problem in the early stages. Hire an exterminator to perform regular maintenance, especially in multi-family units. Hire a landscaper to beautify your property and reduce the costs of water and electric bills.
Bring in an HVAC professional once a year to inspect your heating and air conditioning systems. Have your filters changed and have your systems serviced to maximize efficiency. Lastly, pay attention to your water heater. Remove sediment build-up and make sure your pressure valve is working at all times.
With a little bit of know-how and a few experienced professionals on your side, rental property management can be a breeze. If you follow these tricks and keep up on your maintenance, you’ll save yourself lots of money and aggravation in the long run.
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