One of the most important questions we get from a lot of landlords is about maintenance, and how to reduce and limit those repair costs.
Start by using solid materials for your rehabs and your turns. When you’re installing or remodeling a kitchen or a bathroom, use granite countertops instead of laminate and tile floors versus linoleum floors. These materials hold up better and last a lot longer. You won’t have to worry about maintaining them or spending any money on counters and floors in the short term.
For the rest of the property, consider using laminate hardwood flooring instead of carpet. Like the granite and the tile, this type of material lasts longer, you see less wear and tear, and there won’t be any stains showing up on the wood. Even scratches won’t be too noticeable.
Preventative maintenance is always better than deferred maintenance. We recommend that property owners regularly inspect their units. Tenants may or may not report leaky faucets or drain lines. You want to get out ahead of these problems because preventative maintenance can save you a lot of money.
Finally, make sure you properly screen your tenants. Conduct thorough background checks and look for good landlord references. You don’t want tenants with a record of causing maintenance issues in the past. If you can find excellent references, you know they will take care of your property.
If you have any questions about maintenance and how to keep your costs low, please contact us at MSB Property Management.