How To Reduce Maintenance Costs On Your Rental Home

Maintenance is a large budget item for every home, whether it is your personal residence or investment property. Many landlords think if they can cut down on the frequency of maintenance tasks, or put off regular maintenance, they can reduce their overhead costs. However, the experienced property managers Ft Worth landlords trust at Specialized are here to show you how that can be more costly in the long run.

Specialized Recommends Proactive Maintenance

With Specialized property managers, Ft. Worth landlords know their property is undergoing proactive maintenance to extend the life of their home’s systems and save them money. Failing to perform simple maintenance tasks such as changing AC filters will put strain on your home’s systems and you will need to repair or replace them more often. Specialized recommends creating a schedule of known and needed maintenance tasks so you can keep up with your home’s needs.

Proactive Maintenance Tips

To be proactive about your home’s maintenance needs use these tried and true tips:

  1. Set a budget: set aside at least 10% of the monthly rent to take care of maintenance issues. You may need more based on the age and condition of your home, your Fort Worth property management company can help you determine a good amount to set aside.
  2. Create a schedule and protocol: plan for known maintenance tasks, such as gutter cleaning, which will extend the life of your home. Create a protocol for when to repair or replace the systems and appliances you own.
  3. Respond to tenant requests: be respectful and respond promptly to tenant maintenance requests. This will signal to your tenants how much you care for the home, which in turn will spur them to take care of it too.
  4. Stay up to code: health and safety code violations can be costly, but code rules can also change frequently. Make sure you stay up to date on your knowledge of housing codes and inspect the home periodically to make sure it is not violating any codes.

Your Fort Worth property management team can help you keep your property looking good, and up to code, all while keeping your costs down. For more information, or to hear about all our services, call Specialized today.

Why Arlington Property Managers Recommend Proactive Maintenance

Arlington Property management, Arlington property managers

One of the wisest decisions you can make as a landlord is if and when you need to do repairs. Maintenance, whether regular or emergency, can be a big cost and eat into your profits. But many times ignoring needed maintenance or skimping on it will lead to even bigger costs down the road. Your Specialized Arlington property management company has these tips for landlords who are looking at maintenance issues.

Your Job as a Landlord

Your most important job as a landlord is to keep your tenants happy. Happy tenants means less turnover and a better return on your investment. Ignoring much needed maintenance signals to your tenants that you don’t care about them or your property. Here are a few tips to help you with these relationships as they relate to maintenance.

  1. Respond quickly and respectfully to your tenants maintenance requests.
  2. Do not let tenants take care of maintenance on their own. This can lead to issues of liability as well as quality. Develop relationships with vendors so you always have someone you trust to perform needed maintenance.
  3. Make sure you are in compliance with all regulations to insure the health and safety of your tenants.
  4. Maintain a regular schedule of inspections and proactive maintenance, which will save you money on costly repairs due to neglect. Your Arlington  property management company can help you create and stay on a schedule and communicate the schedule to your tenants.

Be The Landlord You Would Want!

Think about your rental from your tenants perspective. This is the house they call home.  Shouldn’t it be taken care of? Maintenance can be expensive and time-consuming, but it is one of the biggest factors when tenants are deciding to stay or leave at the end of their lease. Was the landlord responsive to their needs? Are the systems and appliances in dire need of repair? Turnover and vacancies will cost you much more than fixing that broken pipe. If you need help with proactive maintenance, tenant interactions, or anything else with your investment property call the industry leading Arlington property managers, Specialized!

How Much is Your Rental Property Maintenance Costing You?

One of the biggest costs for landlords is home maintenance. Whether it is during a tenant’s stay or in between tenants, regular maintenance is a necessary part of property management in Fort Worth. Many landlords try to put off the costs of maintenance or skip fixing certain things all together thinking their tenants can just live with in your home the way it is. This thinking leads to more costs because things in your home break due to neglect, or tenants move out when you don’t upkeep the property maintained properly. But how do you maintain your property without going broke? Specialized Fort Worth is here to help with 5 keys to cost-effective maintenance ideas.

HOW TO MAINTAIN YOUR PROPERTY WITHOUT BREAKING THE BANK

  1. Prepare the property between tenants, so it meets safety and health standards. Getting your home rent-ready will help you reduce vacancy days.
  2. Plan for maintenance costs by setting aside 1-2 months rent for routine maintenance costs. Your property management in Fort Worth can help you decide exactly how much savings is needed based on the age and condition of your home.
  3. Check proactively for small maintenance issues that could turn into big problems if left too long. Schedule regular inspections and seasonal maintenance, so you can catch problems before they get out of hand.
  4. Respond promptly to tenant maintenance requests to reduce risk and liability and to increasing tenant retention. Your tenant will feel cared for when you respond to their needs in a timely manner.
  5. Reduce your hassles and expense more by relying on Specialized for preferred pricing and discounts. Our network of vendors will help you repair or replace anything in your home at the best price.

RELY ON PROPERTY MANAGEMENT IN FORT WORTH TO SAVE YOU MONEY

Saving money on your property management is easy when you rely on the experts at Specialized. With over 30 years in the business, we know cost-effective maintenance is one of the keys to making your investment a success. Call our office today to learn more about our money saving property management services.

How Arlington Property Management Can Save You $$$

Arlington property managers

How Arlington Property Management Can Save You $$$

Property maintenance costs are something landlords tend to ignore. After all, it can seem like wasted money. Why pay to replace a roof that still looks okay? Or, pull old wiring when it’s still conducting electricity? The fact is, there are quite a few features of rental properties—of any home or building—that require regular upkeep. And Specialized, as your Arlington property managers, can help in big ways. In addition to maintenance and repairs, we help you avoid lawsuits and comply with local and national rules and regulations. For instance, landlords are required to properly maintain the building and regularly take care of typical wear and tear. No matter how careful a renter might, maintenance is still required. And, that can get expensive.

Fast, Dependable Service at Reduced Rates

Spending money earlier on preventive maintenance can save you money down the road. That’s another way in which our Specialized Arlington property management team can help. We regularly inspect properties to see what sort of maintenance might be required and determine the best time to take care of them. For instance, if our Arlington property managers notice a roof is in need of repair, we’ll let you know so it can be taken care of. Then, you avoid leakage later, which also means you avoid the costly repair work for the leakage inside as well as outside the home. You also avoid wet, unhappy renters and the risk of damaging their belongings. We also make certain the work is done correctly, at reasonable rates. Because we use contractors and crews so often, we get the job done for less. And because we’re Arlington property managers, we know local professionals who will do the work on time and on budget.

Get rent ready with Specialized Arlington property management.

New renters expect the place they’re moving into to be spic and span. Carpets don’t have to be new, but they must be clean. A fresh coat of paint might be needed, or, simply cleaning the walls and doing a little touch-up paint may suffice. Our Arlington property managers can help make those decisions for you, and make sure everything is taken care of in a timely, professional manner. So, let Specialized Arlington property management save you time and money while providing some welcome peace of mind.

How to Avoid Inefficient or Overlooked Maintenance

Arlington residential property management

Stay Responsive While Lowering Your Costs

Costs ignored do not mean costs reduced. That’s an Arlington residential property management myth. It may mean you pay more in the long run. Here’s why. Regardless of how well your tenants treat your property, stuff breaks, systems wear out, and things need attention. Think of your current residence. How long is your honey-do list for short and long-term projects? The longer you put off needed maintenance, the bigger the problem may get and the more costly the repair. Additionally,  delaying a repair could also mean frustrating your tenants and motivating them to move, leaving you with turnover and vacancy costs.

Specialized, a trusted Arlington property management company for more than 30 years, understands proactive maintenance. You want to increase earnings and reduce costs. We can show you how to do both. Here’s the plan:

5 Arlington Residential Property Management Steps to Reducing Rental Maintenance Costs

    1. Prepare the property between tenants, so it is clean, well maintained, and meets basic habitability standards and codes. This not only protects you from fees and potential lawsuits but also adds to the curb appeal of your home that will then rent more quickly. The best tenants want to rent the best properties.
    2. Plan for maintenance costs. This is the inevitable “other end of the stick” when you own a rental property. Set aside 1-2 months’ rent per year to allow for ongoing, routine maintenance and turnover costs when tenants move. Having money set aside will also reduce your anxieties when you have a significant repair need.
    3. Check proactively to catch problems that could become more expensive if left too long. Perform seasonal maintenance and routine property inspections inside and outside to help you solve small problems before they escalate.
    4. Respond promptly when maintenance is required. Not only will your tenants feel important – they are your customer after all – but they will take a cue from you and are likely to treat the property better as well.
    5. Use our discounts. That’s what friends are for. Rely on Specialized for preferred pricing and discounts on service, appliances, repairs, supplies, etc.

Being proactive and prepared will help you plan for and reduce your maintenance bill while increasing your chances of keeping your tenants happy. Happy tenants stay longer and are more likely to pay their rent on time. They also take better care of the home. All of this translates into, yes, increased earnings. That’s why you are in the Arlington residential property management business after all, right? Specialized is here to help you accomplish that. Learn more about our comprehensive list of services today.