The best way owners/investors can save money on rental properties is with regular maintenance. Delayed repair work can end up costing you more than a new HVAC unit or a roof. Here are some things you can do to ensure your tenants remain happy and your bottom line remains stable:
1. Clean Your HVAC Before A Heat Wave Or Cold Snap Hits
The worst time to do HVAC cleaning and maintenance is right before peak season i.e. during the hottest or coldest time of the month. You don’t want your tenants to be without one when they really need it. Plus, lack of regular maintenance can lead to costly repairs down the line which you can mitigate if you maintain a repair/cleaning schedule for your rental properties.
Besides bearing the cost of new ducts, filters or a new HVAC system, you may also lose good tenants due to negligence. If you want to keep good tenants in your properties for as long as possible, do you really want them to hear that a malfunction could have been avoided with timely maintenance? That will not do your reputation any favors and you may end up losing potential tenants as well.
The best time to do this is during the spring when the temperature is at comfortable levels.
2. Expand The Lifespan Of The Roof With Regular Checks And Repairs
When you maintain the roof on rental properties regularly, you end up extending their lifespan and can avoid costly repairs. One of the best ways to do that is with regular inspections and maintenance. This includes cleaning out gutters before they get clogged with debris, replacing loose or missing shingles as well as adding caulk or sealant to prevent leaks which can otherwise lead to a new (and costly) paint job.
To put this in perspective, regular upfront roof maintenance can reduce the roof’s overall annual cost significantly. Plus, well maintained roofs require minimal repair and shingle replacement. All of those costs can be deferred over the years so you can allocate appropriate funds to other expenditures as and when needed.
At Patton Properties Inc., we specialize in providing full-service solutions that can fit the needs of owners and tenants. As dedicated Columbia property managers, we provide tailored solutions that can suit your needs and provide the highest level of service for your properties. Our aim is to make owning and managing investment properties as painless as possible. Get in touch with us for a consultation today!