Do you know what one of the best ways is to ensure your property is never vacant? Keeping it well-maintained! When you stay on top of property maintenance, you'll make tenants feel valued and keep your property value in better shape.
Read on to learn about the best practices for maintenance coordination!
Find Good Maintenance Vendors
One of the best property management tips is to have a good lineup of vendors. That way, you'll be able to save time when an urgent issue arises. You won't need to sift through options and call every technician in town.
You'll be confident the technician you've called has been vetted, too. After all, you don't want just anyone working on electrical problems or plumbing issues.
Some plumbers or electricians may give you a better deal for recurring services, too. And you may get more prompt responses to sudden problems, which keeps tenants happier. Generate a list for everything from roof repair to landscaping.
Know Your Budget
Even if you're not a skilled accountant, it's important to be mindful of maintenance spending. Be sure to set aside a portion of your budget each year to cover expenses. But have emergency funding available, too, for sudden issues like burst pipes.
Identify specific areas for big-ticket property upkeep each fiscal year. For instance, maybe the HVAC system is due for an upgrade. Or perhaps you need to paint the exterior or replace some windows.
And plan on problems like leaky pipes, clogged drains, or broken doors. These smaller challenges can add up quickly.
Focus on Preventative Maintenance
When it comes to maintenance strategies, preventative maintenance is key. This means conducting annual inspections to ensure your property is safe.
Understand the types of expenses you should anticipate with preventative maintenance. You'll want to service HVAC components annually and tackle gutter cleanings. Plan on roof inspections and visits to check the plumbing, too.
After someone moves out of your property, do an inspection. While some wear and tear is normal, excessive wear and tear costs you more. Take note of broken cabinetry and damaged bathroom tile, for example, so you can seek compensation.
Pursue Efficient Responses
Efficient property management can give your property a more professional appearance. You'll boost curb appeal and help entice potential tenants, as well. They'll be impressed with upkeep and feel better about the prospect of living on your property.
When a tenant makes a maintenance request, communicate with them promptly. Let them know you've reached out to the appropriate technician so they know you've received their request. And always communicate if a technician needs to enter their unit.
Make Maintenance Coordination a Priority
Efficient maintenance coordination boils down to having a plan and sticking with it. Focus on preventative maintenance and do regular inspections. Be efficient with responses to problems and have a vetted list of vendors at your side.
At Crown Property Management, we have been dedicated to full-service property management since 2001. We can help you build strong investments and keep your existing properties in good shape. Contact us today to learn more!
