Over 44.1 million American households rent properties. These individuals rely on landlords like you to retain a high quality of life in good living spaces. Providing reliable maintenance and repairs keeps renters happy so they sign and renew leases.
Here, we're going to discuss:
- When to invest in property maintenance
- How to determine when repairs are necessary
- Property maintenance tips
- How professional property managers can help
Read on to become the best landlord you can be and thrive in a competitive market!
Preventative Maintenance and Repairs Guide: When Is It Necessary?
Preventative maintenance keeps properties in top shape. It includes things like:
- HVAC maintenance
- Patching up holes
- Carpet and hardwood replacement
- Improving insulation
- Cleaning gutters
- Replacing roofing and siding
- Fixing and replacing smoke alarms
- Changing locks to increase security
Doing this extends the lifespan of your property. It also ensures that tenants are living in good conditions so they remain satisfied and stick around for future leasing terms. You'll contend with fewer vacancies and foster good relationships with renters.
When to Conduct Repairs on Rental Units
Responding to tenant maintenance requests is critical for retaining quality renters. You get the benefits of tenants that:
- Take care of your property
- Don't create legal liability issues
- Are quiet and considerate to other renters
This means you should always conduct repairs when asked. Property managers in Boulder will get automated notifications when tenants make these requests. They'll send out maintenance and repair crews ASAP.
You also need to conduct repairs when the property is dilapidated or dangerous. This means fixing:
- Leaky pipes
- Crumbling stairs
- Insulation issues
- Electrical problems
- HVAC systems
- Water heaters
If you don't fix these quickly, you may be subject to fines and other legal ramifications.
Tips for Building Upkeep Strategies in Boulder, Colorado
Keeping your building in great shape is easy when you know what you're doing. Create a regular maintenance checklist and schedule for preventative upkeep. This ensures you won't forget to do anything and leave tenants without necessary home services.
You also should:
- Communicate with tenants about maintenance
- Send in inspection crews regularly
- Ensure that you adhere to all building codes
- Clean common areas within the apartment building (staircases, hallways, etc)
- Be vigilant about seasonal maintenance and changing weather patterns
- Hire a landscaper for outdoor areas
Professional property managers can help with maintenance and repairs by keeping track of when they happen. Good documentation ensures organization and compliance.
They also have pre-existing contracts with maintenance professionals. Experts have already vetted plumbers and builders. They have contracts with HVAC and other home services professionals.
This saves you time since you won't need to look for and vet them yourself. It also can reduce landlord stress.
Get Started With Management Professionals
Now that you know the ins and outs of maintenance and repairs for landlords, it's time to invest in top-notch maintenance solutions powered by Colorado professionals.
Team PMI Coal Creek is committed to assessing rental properties in Boulder and maximizing their value. Request a free rental analysis to learn how much you could make from your investment!
