How many property maintenance requests do you receive every week? Among property management tasks, maintenance and repairs are a top priority at 80%. If you have multiple properties, it can feel difficult to coordinate them.
Instead of stretching yourself thin, plan ahead for maintenance coordination. Streamlining property maintenance can save you time, money, and stress.
Not sure where to start? Read on for the landlord advice you need for success!
Draft a Property Maintenance Plan
Before using the rest of this landlord advice, develop a comprehensive plan to care for your multiple properties. Make a list of the maintenance tasks you need to complete regularly. Consider how often you need to complete each task to develop a timeline.
To remain organized, time and task management are key. Use different organizational methods to avoid neglecting essential tasks.
Include a detailed financial forecast in your plan. Add routine maintenance expenses to your budget. Start saving in case of emergencies.
Building an emergency fund will reduce downtime and interference. You can respond quickly, benefiting your life and your tenants' living experiences.
Review each property's history to pinpoint unique or unusual needs it may have. For example, you may need to preserve original features if you have a historical property.
Schedule Property Inspections
You can catch potential issues before they develop into major problems by planning regular property inspections. Plan an inspection at least once a quarter. Schedule inspections more often for high-use properties (like commercial buildings).
During each inspection, check:
- Paintwork
- Appliances
- Furniture
- Water and electrical systems
- HVAC units
- Safety and security features
- The roof
You don't have to complete these routine property inspections yourself. Hire an experienced property management company instead. They'll know what to look for during each inspection.
Use an Online Tenant Portal
Make it easier for your tenants to send their maintenance requests. An online tenant portal can streamline communications. You can log and track requests from multiple tenants at once.
Responding to requests quickly can improve tenant satisfaction rates. You can build stronger landlord-tenant relations.
Your tenants may feel more inclined to renew their leases, leading to higher occupancy rates. You'll also have an easier time attracting tenants in a tough market.
Hire a Property Management Company
Remember, you don't have to develop your property maintenance plans alone. Instead, consider outsourcing to an experienced property manager.
Find a full-service property management company that offers everything you need under one roof. Over 70% of property managers perform property inspections, advertise, and handle leases. Another 80% handle maintenance and repairs along with rent collection.
Their services will help you protect your investment properties and maximize your rental income. Tenant screening services can help you avoid renters who may damage the property. You'll save money by protecting your property (instead of waiting for more extensive repairs).
Simplify Your Maintenance Coordination
Don't neglect your beautiful investment properties. Instead, use these tips for proper maintenance coordination. Scheduling routine maintenance can help keep your properties in the best possible shape.
With help from a property management company, you can streamline these tasks and more. PMI Cowboys Realty uses state-of-the-art technology to simplify maintenance.
We'll provide you with real-time access to maintenance requests. Contact us today for help with maintenance!
