Why is it so important to maintain your rental property? The main reason is that it is an investment. The property was purchased to provide an income. If it is not kept in good shape, your profits will suffer. Many communities have regulations about the condition of rental properties. You could also be fined for not keeping up your properties.
Whether it is an apartment building or a home, when maintenance is not performed regularly, larger problems develop. Tenants who get frustrated with landlords that do not make repairs as needed find somewhere else to live. You will have problems keeping tenants, and your income from the rentals stops. With social media, it is easy to read reviews about rental properties. Bad reviews could prevent you from getting new tenants.
Keep Your Property Habitable
Habitable means your property must be livable. It should not have hazards that can cause injury. The property should be free of any pests, such as rodents or insects. Bedbugs are another problem in many areas of the country. A pest control company should visit regularly and inspect as well as use preventive steps to keep your property from having these problems. A. Aardvark Pest Control Corp. is a company that offers a bedbug exterminator nyc.
Maintain HVAC Units
The HVAC unit in your rental homes or apartments should be checked regularly. Not only will this allow tenants to have heat or air as needed, but it can prevent costly repairs. Dirty vents or air filters can cause huge problems with the entire system. When they need to be replaced, this is an expense that can seriously cut into your profits. Although HVAC systems need replacing occasionally, when properly maintained, they will last longer.
There are several other areas of rental properties that should be checked periodically. The exterior of the property is as important as the interior. Maintain lawns, and repair parking lots and sidewalks to prevent accidents. When you keep your rentals in the best shape possible, you are protecting your investment.