Without efficient maintenance coordination, you cannot earn passive income from a rental property, but can a property manager handle it for you?
Property managers provide a plethora of services to help investors and accidental landlords. However, before hiring one, you should know whether they cover the cost of maintenance to avoid any surprises.
Here at Stutts Properties, we know the ins and outs of property management. In this guide, we'll help you find out whether your property management fees cover maintenance!
What Property Management Entails
Property management involves overseeing and maintaining rental properties, so it involves a variety of tasks. When hiring a property manager, some of the main things they will do are advertise your property, screen tenants, conduct inspections, collect monthly rent, and handle maintenance requests.
However, while your property management fees cover many things, they generally do not cover maintenance. This is because the cost of maintenance and repairs can vary, so a property manager has no way to determine how much to charge beforehand.
Depending on the property manager, they may offer simple maintenance services at an additional cost. If not, they will likely provide you with information about affordable companies to hire in the area.
How to Handle Maintenance Coordination
To avoid breaking the bank on rental maintenance, you can do several things to ensure your property stays in good shape. Not only will this help you save some money, but it will also make tenants happier.
Conduct Regular Inspections
One of the best ways to coordinate maintenance is to perform regular inspections. This will allow you to examine your property's condition and determine whether a repair is necessary before it turns into a larger issue.
It's best to inspect at least once a year, regardless of whether your property has tenants or not. However, if you notice a persistent issue, you may need to perform more.
Keep in mind that your tenants must always be aware of when you're going to inspect the property. Because of this, inform them before they sign the lease and remind them several weeks before the inspection date.
Get Quality Tenants
Aside from conducting regular inspections, you should use a few strategies to ensure your properties have good tenants. This will significantly increase the likelihood that your properties will be maintained.
The simplest way to do this is to thoroughly screen them by running background checks, reviewing their rental histories, and interviewing them. If a rental applicant looks good on paper and seems nice in person, they may be a good fit for your property.
Work With Stutts Properties Today
Now that you know the basics of maintenance coordination, you're ready to keep your properties in great shape. However, to get the most out of real estate, you should hire a property manager to assist you.
Here at Stutts Properties, we work with many different types of investors to ensure they accomplish their goals. We have all of the tools necessary to efficiently manage your properties, regardless of how many you have.
Request more information about our property management services and how they will help you by contacting us today!
