Property Management and Deferred Maintenance

Maintenance of a home that is occupied by people that do not have a vested interested in the long term care of the home (renters) is something that must be kept up on or the value of the rental property (and the neighborhood?) will soon deteriorate to a very expensive proposition down the road.  Is it easier to fix a little wood rot and keep the place painted now or tons of wood rot and paint later?

Some deferred maintenance is acceptable.  If the windows work but they leak a little, fine.  You can replace those when it’s time to sell.  A furnace that is inefficient can also be deferred…until it becomes a safety issue and then it needs to be replaced immediately.

Keep up on the property’s maintenance.  You’ll be glad you did 6-8 years later.

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