Every rental property will eventually need repairs, even if you’ve invested in a home that’s relatively new and in excellent condition. Things break down, either because of wear and tear or neglect and abuse.
When you’re trying to decide how to plan and prepare for maintenance issues, consider some of the most common repairs that Hamilton rental properties often need.
Unexpected Maintenance Emergencies
One of the most unpleasant and usually most expensive maintenance issues that will surprise any landlord is an unexpected emergency. To make these issues even more awful, they always seem to happen in the middle of the night or during a holiday, when hiring a reliable repair person becomes even more costly.
At some point in your rental experience, you’ll probably get a call from your tenant that something is leaking or the heat isn’t working or the roof has blown off. Whatever the emergency is, you have to respond to it immediately, otherwise you risk leaving your investment property uninhabitable. Make sure you’re prepared to send over the proper vendors.
Repairing and Replacing the Roof
Luckily, roof repairs are not often needed on a regular basis. But, with the winters getting colder and the summers getting warmer, the roof of your rental property works hard from season to season and tenant to tenant. You don’t want to wait for the roof to start leaking or for parts of the roof to fly away during wind storms. Instead, have the roof maintained regularly so you won’t have to pay for expensive repairs. If you have your roof inspected and serviced every two or three years, you won’t have to worry about problems with shingles, insulation, debris, or leaks. Pay attention to the landscaping when you’re caring for your roof as well; trim away any branches and sweep off any leaves.
Ongoing Pest Control
If you invest in regular pest control, you won’t have to face a repair cost that’s the result of rats chewing through wires or insects hatching new insects in your carpets and wood. It’s easy not to think about pest control, but infestations are often a common repair need and a frequent tenant complaint if you’re not taking preventative measures at your property.
Leaks, Floods, and Water Damage
Water can do terrible damage to a property. Not only do you have to worry about stopping and containing the leak itself; you also have to mitigate the damage and do your best to prevent rot and mold from causing further damage to your property. Have your plumbing inspected regularly so you can spot a small problem and solve it before it becomes a major repair issue with a long list of costs.
Upgrades and Updates
Keeping your rental property attractive and well-maintained is critical in protecting its rental value, increasing your ROI, and holding onto high quality, long-term tenants. There’s no need to completely renovate your property, but make sure you’re making the necessary cosmetic updates to keep good tenants interested in your home.
These are just a few of the common repair and maintenance needs you’ll have to address as a Hamilton landlord. We can help you stay on top of them. Contact us at Spotted Properties for more information.