While you can earn hefty returns owning rental properties, it’s important to recognize how much money goes into the upkeep. Landlords have to pay for things like marketing costs, maintenance, repairs, vacancies, and more. All of these things can add up quickly. So, how can landlords reduce operational costs? Read along as we discuss ten […]
Tag Archives: decrease maintenance costs of rental property
19
Jun
Jun
Being a landlord seems easy from the outside looking in. All you have to do is buy properties and find tenants to live in them, right? Unfortunately, no. Much more goes into it, including time, money, management skills, and more. Landlords have several expenses to consider aside from the price of buying investment properties. Today, […]
14
Jun
Jun
Maintenance and repairs are some of the biggest expenses for rental property owners. However, learning how to complete simple DIY repairs and knowing when to call experts is important to managing costs. For example, unclogging a toilet could be an easy DIY fix, but hiring a professional plumber can run anywhere from $150 to $700! […]
31
Jan
Jan
Maintenance and property upkeep can be a nightmare for many owners in and around Richmond. For instance, unexpected appliance breakdowns, forgotten routine maintenance, and unusually harsh weather can all lead to maintenance problems that eat into profit. Fortunately, there are proactive ways to reduce costs over time, including scheduling routine upkeep, investing in quality supplies […]
12
Feb
Feb
Property maintenance for landlords is seemingly endless. Along with purchasing and managing the property, landlords must learn how much to budget for the ongoing maintenance needs they are sure to encounter. In addition to emergency repairs, preventative maintenance plays a key role in the health of your investment property. So, join us below to learn […]
07
Jan
Jan
Seasonal preventative maintenance is one of the most important tasks for landlords and property managers. Not only is it essential for the preservation of your investment, but it goes a long way to fostering tenant satisfaction. When you do not spend every day in a property, it is easy for things to fall by the […]
09
Sep
Sep
Property maintenance is a massive part of a landlord’s success in the rental management industry. Whether you look after your portfolio or work with a management firm, a time will come when licensed contractors are needed. Therefore, creating a reliable process for screening contractors will aid in narrowing down your search and finding the […]
20
Aug
Aug
Rental property maintenance is an ongoing task. Rental properties present unique challenges based on the size of the home or the number of units. Therefore, many landlords and tenants wonder who is responsible for what? The difference between landlord, tenant, and property manager responsibilities needs to be clearly defined from the start. Doing so […]
14
Aug
Aug
As a property owner or real estate investor, hiring a property manager can alleviate all kinds of headaches in your day-to-day operations. Property managers handle all aspects of running your investment, from vetting tenants to emergency maintenance and everything in between. If you want to collect rent but don’t have the time or inclination […]
06
Aug
Aug
Are you a landlord looking to trim expenses? If you are willing to put in some elbow grease, we have some DIY tips and easy fixes for landlords to save money. Property managers in Philadelphia and the Bucks County area agree that there are some basic repair tasks every landlord should know and, in […]