Maintenance and Property Management

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
  • Trees
  • 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.

Leave a comment

Filed under Investment Property, Property Management

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s