Maintenance is by far, and it’s not even close, where most of our time is spent in property management. Why?
- Everyone has different expectations
- Houses are constantly deteriorating
- Sewer lines
- Where trees and sewer lines intersect
- Tenant turn-over
- Bad weather
But nothing, aside from tenant selection, is as important. Proper maintenance keeps up the value of the house. Proper maintenance attracts a better tenant. Proper maintenance keeps repair costs down when it’s time to sell.
If you haven’t figured maintenance, and updating, into your costs of owning residential income property, you need to go back and do so. Because selling a “melting ice cube” doesn’t leave much at the end.