You’ve found the perfect property at the right price for your rental property investment. All you need is a tenant to move in, and you’ll be making money! Not so fast. You must perform routine maintenance on your Plano rental property to ensure it retains its value.
These maintenance tips will help you address the ongoing needs of your property. That way, you extend the life of your larger appliances and catch potential problems before they become major expenses.
Establish a Routine Early
Don’t wait until something breaks to establish a maintenance routine. Before you even have tenants, decide what and when maintenance will get done on your Plano rental property. Some tasks you can have your tenants do, such as landscaping. Other tasks you need to take care of, such as major repairs.
You should also create a maintenance plan to establish seasonal and yearly tasks. This will ensure something doesn’t fall through the cracks. It also guarantees that every part of the house gets the attention it needs.
Create a Standard
Decide what the standard will be for your rental property. Do not let the property fall below that condition level. It’s normal for your house to see wear and tear. But you can address this with a routine maintenance schedule.
Creating a standard and sticking to it is more affordable than letting your property fall into disrepair and then paying to bring it back up to standard. It also ensures you can get the most rent for your Plano rental property.
Standardize Everything
Your personal home may have different tiles, flooring, and paint from one room to the next. This looks beautiful and turns your house into a home. Don’t do this in your rental property. One of the most important maintenance tips is to standardize. The more variety you have, the harder it is to maintain your property. This is especially true if you own multiple properties.
Instead, choose one set of materials for finishing the interior of the home. Then use that same set of finishes for the nest home you buy. This takes the guesswork out of making updates and repairs.
Automate
Look for ways that can help you automate tasks. Instead of having smoke detectors that require batteries, install ones that hardwire into the home’s electrical system. Then use long-lasting batteries for the backup power. Use programmable and solar lights for the exterior of the home. Replace the thermostat with one that’s programmable.
Develop relationships with contractors where you can schedule yearly checks and maintenance servicing. This will help you stay on track and ensure you don’t miss a service date.
Let the Professionals Handle It
One maintenance tip that experienced rental property owners know is that sometimes DIY is not the best option. Hiring a property management company will help you better maintain your property.
Experienced property management teams have extensive regular maintenance lists that will address everything. They also have large networks of contractors to perform any necessary maintenance and repair work.
Keep These Plano Rental Property Maintenance Tips in Mind
When it comes to managing your Plano rental property, regular maintenance will help you manage your costs better. It can also extend the life of the home and appliances to reduce the overall costs. These maintenance tips will help you address both the big things and the little things that are often overlooked.
If you need assistance with managing your rental property, our team is experienced and knowledgeable. We can help you perform regular checks and enlist the assistance of professional contractors to do any required maintenance or repairs.
Contact our experienced team today and let us help you maintain your Plano rental property with these maintenance tips and more.
