One of the six common, costly landlord mistakes I wrote about in a previous blog is about some landlords not maintaining their rental properties.
Both landlords and tenants are responsible for keeping a rental property in good condition.
Legally landlords are responsible for maintaining their properties in a reasonable state of repair to ensure the safety and well-being of their tenants.
Keeping Your Property Maintained Makes Economic Sense
1️⃣ Increasing the capital value of your property.
2️⃣ Maximising your rental income return.
Prioritising regular repairs and maintenance will help keep your property in good condition.
Too frequently, I see landlords trying to cut corners, penny-pinching.
More often than not, in the long run, it costs them more money than if they had just employed someone competent and trustworthy who does quality work in the first place.
Not to mention in alot of cases, the inconvenience caused to the tenants.
One of the biggest complaints I hear from tenants is about landlords not doing repairs and maintenance promptly.
Not doing repairs on time can be very frustrating for tenants, and as mentioned in a previous blog, tenants are your customers, which warrant looking after them properly.
Please don’t cut corners when it comes to your rental property investment. It’s simply just not worth it.
Of course, as a landlord and property investor, you want to keep your costs to a minimum, as this is essential to your cash flow.
However, landlords should consider quality over cost when hiring tradesmen, as a job done right the first time will save you both time and money in the long run—and even potential legal issues down the line.
Making life easier for landlords is what we do.
So if you are considering engaging a property manager