Being a landlord is not an easy job, especially when you have a lot of properties to manage. From meeting new tenants to following through with the eviction process, the experience of landlordship can be overwhelming, but one of the things you should never overlook is regular maintenance.
Property maintenance is important for landlords for several reasons. Let’s explore the importance of regular maintenance for landlords and why it should be a top priority.
Increases Property Value
Regular maintenance can help increase the value of your property. Keeping your property in good condition helps it retain its value over time. Regular maintenance can also help prevent major issues from arising, which can save you money in the long run. When a property is well-maintained, tenants are more likely to take care of it, which can help reduce turnover rates as well as minimize costs.
Keeps Tenants Happy
Tenants expect a clean and well-maintained property when they sign a lease. Regular maintenance can help ensure tenant satisfaction and prevent complaints. When tenants are satisfied, they are more likely to renew their lease, which can help reduce turnover rates. Regular maintenance can also help prevent major issues from occurring, which can cause inconvenience and frustration for tenants.
Protects You Legally
Landlords have a legal obligation to provide a safe and habitable environment for their tenants. Regular maintenance can help prevent legal issues from arising. For example, if a tenant slips and falls on a wet floor, the landlord could be held liable if they knew about the issue but failed to address it. Regular maintenance can help prevent accidents from happening and protect landlords from legal issues.
Reduces Maintenance Costs
Regular maintenance can help prevent major issues, saving landlords money in the long run. For example, a leaky roof can cause significant damage to a property if it is not addressed promptly. Regular maintenance can help prevent roof leaks from occurring and reduce the cost of repairs. Regular maintenance can also help prolong the life of appliances and HVAC systems, which can save landlords money on replacement costs.
Call on Manning and Meyers
Regular maintenance is an essential responsibility that all landlords must undertake to ensure their properties remain in good condition. Failing to maintain properties can lead to decreased property values and tenant satisfaction, as well as potential legal issues. By prioritizing regular maintenance, landlords can help increase the value of their property, prevent costly repairs, and reduce the likelihood of tenant complaints and legal disputes.
If you’re a landlord looking to improve your maintenance practices while keeping yourself in compliance with local landlord laws, consider partnering with Manning and Meyers. Our team of experienced HOA attorneys can help you understand the importance of prioritizing maintenance for your legal benefit and ensuring your tenure as a landlord remains courtroom-free. Contact us today to learn more about our services and how we can help protect your investment.