Updated 6/26/24 by Bay Property Management Group When property maintenance is necessary, many landlords are tempted to do all the home repairs themselves. However, sometimes this can defeat the intended purpose of economic efficiency. Surprisingly, it can be more expensive to do the home repairs yourself than simply hiring a professional to complete the work. […]
Tag Archives: tips for rental property repairs
Did you know that the average roof repair cost is $1,121, with most property owners spending between $386 and $1,873? That’s a lot of money for one property repair. Yet, having a sound roof on your Philly rental property is crucial to keeping your property and tenants safe and dry from the stormy weather that so often […]
Owning a rental property is, more often than not, a lucrative business. That is, after all, why so many Maryland landlords continue financing rental properties. However, as a landlord, you will never escape routine maintenance repair bills, and as many come to find out, some rental property repairs leave a larger hole in your pocket than expected. […]
Investing in a rental home often means getting a great deal on a property that needs some upgrades. With the overall goal to make your investment property appealing in order to get the highest rent rate possible, it is sometimes necessary to go beyond fixing the required damages that exist; sometimes, you need to take […]
Many uncertainties accompany rental property ownership. However, one thing is for certain, maintenance and repairs are inevitable. Unfortunately, a common mistake for new landlords is underestimating potential maintenance costs and not preparing for the worst. While avoiding many disastrous repairs involves preventive action, it is always a good idea to set aside more emergency funds […]
You cleaned your rental and ensured everything is in working order before move in – but is that enough? Even if your rental is in tip-top shape, landlords must conduct a thorough move-in inspection. In turn, this protects themselves, the property, and the tenant. A rental move-in inspection is critical to evaluating tenant damage at […]
As a landlord, making sure your rental properties are in habitable condition is a must. Therefore, any time maintenance issues arise, repairs need to occur as soon as possible. Ensure that tenants know the procedure for submitting maintenance requests and know the warning signs to look for to avoid extensive damage. Then, once a tenant […]
Expenses and repairs – two anxiety-inducing words for rental property owners. As a landlord, you have a responsibility to maintain a safe and structurally sound home for your tenants. So, how can owners manage to maintain their property without breaking the bank? While you can never truly escape the need for routine maintenance, there are […]
Philadelphia is a huge city, filled with thousands of pest control professionals. And, since most pest control companies provide similar services, it can be difficult to know which one to hire. That’s why we set out to research some of the very best pest control companies in the Philly region so you don’t have to. […]
Owning rental property in Philadelphia comes with a lot of responsibility. Aside from the administrative side of being in the rental property business – tenant screening, lease drafting, and rent collection – there is a definite hands-on side to leasing an investment property as well. Whether you self-manage your rentals, or employ Philadelphia’s best property […]
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