As a landlord, it's imperative that you keep up with your property's maintenance. You want to keep it in the best shape to be able to rent it at all times.
How much should you plan for property maintenance? The law of averages says that you should plan on spending about 1 percent of the property value each year on maintenance costs. So, if your property was worth 200,000, you should plan on at least $2,000 for maintenance.
Keep reading to learn about rental property maintenance tips to keep your rental property in a desirable state.
Move-In and Move-Out Maintenance
As one tenant moves out and another moves in, you will need to do inspections for both. This includes looking for repairs and other required maintenance.
You need to make sure the property is in its original state before the new tenant moves in. Look for regular maintenance items outlined below or for any needed repairs.
Basic property repairs include repainting if necessary, cleaning and deodorizing carpets, checking smoke and carbon monoxide detectors, cleaning windows, and deep cleaning the unit.
You should also take a look at the bathroom to check the grout and caulk. If you see any signs of wear and tear, you can either touch up with caulk to give it a fresh and clean appearance. You don't want water to become a big issue.
Add some hair catches to the shower and bathtub to help prevent clogs.
On top of regularly checking when a tenant moves, you need to perform regular property inspections. There are also some tasks to complete for each season. You can also follow and create a property maintenance checklist.
During the fall, you should start winterizing your property. This includes tasks like:
- Installing window seals
- Fireplace maintenance
- Cleaning the gutters
- Changing air filters to prepare the furnace
- Inspecting the water heater
- Chimney repair and inspection
After the weather warms up again, it's time to tackle:
- Inspect the roof for any damage
- Landscape preparation and cleanup
- Clean foundation vents
- Repaint any siding chips
- Add screens and inspect windows
- Have gutters checked again (twice a year)
- Inspect HVAC unit and have checked
You may want to consider power washing or having someone power wash your property every few years.
You should also replace your HVAC filters regularly. This is very simple and can protect you from larger expenses down the road. When a filter is clogged, your system will work harder and can break down quicker.
You should also have pest control come and check for pest issues. This prevents an infestation that costs you money but also your reputation.
Check for Water Damage and Leaks
After a heavy rainstorm or ice storm thaw, you should check the property for any water leaks or damage. This includes the roof, walls, and ceilings. Take a look around the windows to look for condensation.
Finding a leak early can save you a ton of money and protect your tenants. Dangerous mold can form if water builds up. In turn, this can be a large expense to clean up because it will also need to be remedied to the EPA's Guidelines.
Looking for Help With Property Maintenance?
You are busy. We get that. Property maintenance, getting suitable tenants, collecting rent, and other tasks with rentals can be time-consuming. At HomeRiver Group Phoenix, we can manage your property for you, so you can worry less about the day-to-day operations.
Contact us today to learn more about managing and maintaining a rental property.