How to Decrease Your Rental Property Maintenance Costs Now
Face it – upkeep on a rental property in Atlanta can take a lot of time and effort. This is especially true if you have a less-than-stellar investment or you have some particularly rough tenants. Each time you need to make a repair or provide maintenance to your property, your bank account takes a hit. Paying for routine maintenance costs money and disregarding it could cost you even more.
So, what do you do? How can you decrease your atlanta rental property maintenance fees now?
- Be proactive.
Being proactive and participating in some preventative maintenance can save you time and money down the road. In other words, rather than waiting for an issue to arise, do what you can to ensure it doesn’t.
Take time to do things such as:
- gutter cleaning
- tree trimming
- cleaning AC filter and ducts
- flushing out the water heater
- cleaning out dryer exhaust vents
- checking and clearing drains
Make sure that every appliance and bit of plumbing is in working order to reduce the chance of a more complex issue in the future.
- Treat your tenants right – and use them.
Your tenants reside in the rental home. They are the ones in direct contact with your rental property and everything in it. If you want to know when something is going on – when it starts – then treat your tenants right. Have an open-door policy and allow them to feel welcome coming to you with repair needs.
The worst thing you can do is show frustration or anger when a tenant calls. If you do, the next time something is wrong at the property, the tenant may be reluctant to call you – leaving your appliance or maintenance issue unaddressed and in a more severe state.
Perform routine maintenance and show you care about the property. When you get a repair request, look into immediately. Providing your tenants with new AC filters and tips on routine upkeep may instill a bit of pride in them with regard to the property, too.
- Consider utilizing a property management team.
Atlanta property management companies are great for many reasons – especially when it comes to maintaining your rental properties. See, property managers are in the business of managing investment property. This means they have connections and a network of individuals that can offer the best services at the best prices. They also typically have a maintenance team on staff.
By choosing an Atlanta property management team, you can decrease your maintenance fees rather quickly. You can focus your time and attention on the thing that you do best – investing in real estate – while your property managers handle 24/7 repair calls and maintenance requests, as well as the preventative care of properties.
Don’t spend more than you need to when it comes to maintenance fees. Follow these easy steps to reduce your costs while keeping a healthy rental property. Your pockets will thank you – and so will your tenants.
Marina Shlomov, a managing partner at ALH|Podland Rental Homes Property Management is the author of many articles on Landlording, Property Management, and Real Estate Investing. A residential builder in the state of Georgia since 1999, Marina is an investor herself. Her Atlanta property management company is intended “For Investors” and “By Investors” for a simple reason – she knows what investors’ goals are and she works hard to reach their goals. In her spare time, Marina likes to spend time with her family, friends, garden, read and travel. Check her out at www.alhpodland.com. You can find Marina’s articles and comments at @rentalhomesatl on Twitter, on Facebook, Google+, Blogger. and YouTube, Bigger Pockets and REI CLub and LinkedIn.