Currently, more people are renting right now that at any other point since 1965. Renting is ideal for a lot of individuals because it's more affordable and doesn't require spending a lot of money on maintenance.
As a landlord, maintenance is generally your responsibility. You can maintain your investment by keeping up with property maintenance multiple times within a lease period.
Keep reading to learn more.
Inspection Property Maintenance
During various property inspections, you can conduct necessary maintenance. Each inspection will help you identify potential issues.
Move-in Inspection
Before a tenant moves into a unit, you must ensure it's in good condition. You can complete this walk-through with the tenant as well.
In case you miss anything, have the tenant document concerns in writing and with photos. They'll submit the existing condition of the property which will help you spot any damages they might create after they move out.
Routine Inspection
While a tenant is living in your unit, you should conduct routine inspections. Do this quarterly to check for new damages.
Move-Out Inspection
Once the renter moves out, conduct a move-out inspection. You'll be able to assess damages beyond normal wear and tear.
If you received a security deposit, you can use that money to fix up the damages that the tenant left.
Landlord Property Maintenance
Knowing how to handle property maintenance as an investor and landlord is key to success. The responsibilities of a landlord vary from state to state.
Typically, landlords or property managers are required to do the following:
- Keep mechanical systems in good condition
- Maintain structural items
- Handle pest infestations or vermin immediately
- Keep common areas clean and maintained
- Rekey locks during tenant turnover
- Provide smoke, radon, and carbon dioxide detectors
Depending on the landlord-tenant laws in your state, you might be required to screen tenants before accepting a rental application. This can help you find renters who will take care of your property.
Use property maintenance software to know when a tenant has a problem with their unit.
Tenant Property Maintenance
Property maintenance jobs can be given to the tenant if stated in the property lease and within the law. A tenant has a responsibility to keep the investment clean and in good repair standards.
You can have tenants do the following tasks:
- Empty the trash
- Prevent mold growth
- Clean appliances, floors, and walls
- Avoid property damage beyond normal wear and tear
- Report issues when they arise
In the rental agreement, you might want to include avoiding keeping unauthorized pets, tampering with smoke detections, using the property for illegal purposes, and sub-renting to roommates.
Handling Property Maintenance the Right Way
Property maintenance is a common task for investors and landlords to keep up with. You don't have to complete maintenance jobs on your own and can hire a maintenance team that is more qualified.
To handle property maintenance the right way, you should maintain the units during various inspections while keeping up with your own tasks.
Our Austin property management staff can help with the above tasks and more. Contact us today to get started.
