Why property maintenance is essential to property investment

 

Property managers handle a lot of different responsibilities including collecting rent, finding good tenants, property showings, and much more. 

With all of the responsibilities managing a property entails, it can be challenging to make property maintenance a priority.

 

Continue reading to learn why property maintenance is essential to property investment and what you, the property manager, are responsible for.

 

Why is property maintenance important?

Whether it’s the occasional quick fix or a large repair, the wear and tear of daily life causes all properties to eventually require some upkeep.

A well maintained property is sure to keep your tenants comfortable, helping them have a positive rental experience. This positive experience can help you keep your property occupied and, in turn, increase your return on investment.

 

Why should you stay on top of maintaining the properties you manage? 

Staying on top of property repairs and maintenance is a great way to increase its longevity and its overall safety.

Ignoring or delaying property maintenance and repairs can actually worsen the issues that arise over time, leading to larger, costly repairs that could’ve been avoided. These issues also have the potential to become safety hazards to your tenants, owners, and your team.

What’s more, you can extend the life of the equipment and appliances in the properties you manage with regular maintenance.

 

What areas are property managers responsible for maintaining? 

Although tenants handle simple maintenance such as cleaning and changing light bulbs, property management companies are typically responsible for the overall upkeep of common areas, the outside of the property and more extensive repairs. 

Property managers are usually responsible for maintaining:

• Screen enclosures: Screen enclosures enable your tenants to enjoy the outdoors without pests and debris. These enclosures can get worn or damaged over time––leading to holes or tears. This allows bugs and debris to get inside the enclosure, making it uncomfortable for tenants. 

 

• Gutters: Gutters protect your property from water damage. If they’re not properly maintained, a series of problems can occur––the worst of which being damage to your property’s foundation, which can lead to extensive structural issues. 

 

If your property doesn’t have gutters, rainwater can get trapped in the siding leading to peeling paint, cracks in the walls, and even mold. 

 

Read more: 

What property management companies need to know about gutters

 

• Roof: The roof protects your property from the elements and provides insulation from harsh temperatures. Fixing small problems such as missing or damaged shingles and leaks can help extend the lifespan of your roof and regulate your property’s temperature. 

 

• Railings: Adding railings on your property is a great way to enhance the outdoor space while offering increased safety. If the railings are rusting, cracking, or breaking, this can pose a threat to your resident’s safety, especially the elderly, children or pets. 

 

• Heating, ventilation, and air conditioning system (HVAC): Without regular service, your HVAC’s performance will gradually deteriorate until the entire system fails. Staying on top of your HVAC unit’s maintenance will help keep your tenants comfortable year-round. 

 

A routine maintenance plan is crucial for the longevity of your property and the satisfaction of your tenants. Hiring a reputable contractor can help relieve the burden of handling these repairs and maintenance yourself. 

 

Looking to hire a contractor for your properties’ gutters, railings and screen repairs? 

With over 20 years of experience, Moreno & Moreno is trusted as top home improvement professionals in Central Florida by home builders, property managers and homeowners alike. 

Whether it’s performing regular repairs and maintenance or installing new gutters, screens, soffits, or railings on your properties, we’re happy to help!

 

Contact us online today or call us at 407.300.4500 to book your free estimate.