More U.S. households are renting than at any point since 1965. This huge uptick in renters has been a blessing to property owners nationwide.
It may be easy to attract renters in today’s market, but it’s much more difficult to get the maximum value for your rental property. You need to treat it as a long-term investment with special care.
Focusing on regular maintenance is a great way to maximize your investment. This helps make your property more appealing while also increasing its longevity.
Make sure you’re up to speed on your repairs with this helpful rental property maintenance checklist. Read on for all of the ways you can save time and money.
How often are you conducting rental property maintenance?
Many property owners perform maintenance at the renter’s request or before the beginning of a new lease. An annual or bi-annual check-up isn’t enough to keep your property functioning like a well-oiled machine.
You should conduct a full inspection at least once per season. Your property requires different maintenance depending on the time of year.
For example, your summer maintenance might include things like cleaning gutters, trimming trees, and inspecting common-use items. Your winter maintenance will include things like removing snow, inspecting the heater, and double checking the plumbing.
Property owners tend to focus on the little things when it comes to maintenance. While it’s important to change light bulbs, there’s no denying the importance of long-term maintenance.
One of the most important long-term maintenance items is replacing the flooring. Carpet should be redone roughly every five years or earlier depending on stains.
You should also make sure you replace flooring every 15-30 years. Tile, stone, and vinyl should be regularly cleaned to increase their life cycle.
Have you ever walked into a property with chipped paint? Chipping or worn out paint immediately makes a building look less valuable.
You can prevent this by conducting annual inspections of your paint. This will keep your building looking great while also limiting pollutants in the air. You should aim to repaint rooms every five years no matter their appearance.
Windows & Gutters
Windows and gutters are some of the most commonly forgotten maintenance items. However, clean windows and gutters are crucial to property upkeep.
You should conduct a full-scale window cleaning at least four times per year. Aim to clean windows during seasonal changes.
You need to clean your gutters at least twice per year to keep your building safe from debris. Clean your gutters in the fall and spring to clear out clogs and debris from the rainy season.
Roofs are one of the most important components of a properly functioning building. It’s vital that you regularly inspect your roof for any potential warning signs.
Roof inspections will keep your property in good condition for years to come. Aim to replace your roof after 20-30 years no matter the circumstance.
Your Rental Property Maintenance
Maintenance isn’t optional for property owners. Use this checklist to make the most of your investment and to reap returns for years to come.
Are you looking to rent a property? We can help.
Contact us to get a free rental analysis. We will help you discover how much you should earn monthly and how to maximize your investment.