Landlord Maintenance: Smart landlords know that responding promptly to maintenance issues isn’t just about the repair. It will protect their investment and boost their bottom line.
This video explores why quickly fixing repairs helps you make more money.
Episode 5 – Prompt Repairs = Better Returns
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TRANSCRIPT.
Smart landlords know that responding promptly to maintenance issues isn’t just about the repair. It will protect their investment and boost their bottom line.
Better Returns Landlords – Here’s why:
1️⃣ Financial Benefits
🟢 Prevents minor issues from becoming costly repairs
🟢 Maintains or increases your property value
🟢 Reduces emergency repair costs
🟢 Helps justify annual market rent reviews
2️⃣ Tenant Satisfaction
🟢 Tenants stay longer
🟢 Positive reviews and referrals
🟢 Fewer complaints and disputes
🟢 Better landlord-tenant relationships
3️⃣ Protect Your Investment
🟢 Full compliance with Health and Safety and Healthy Homes Standards
🟢 Avoid costly Tenancy Tribunal proceedings
The Pain of Delayed Repairs
It is pretty much the opposite
🟢 More expensive emergency repairs
🟢 Property value decline
🟢 Higher vacancy rates
🟢 Potential legal costs
🟢 Higher turnover rates
🟢 Difficulty attracting quality tenants
🟢 Increased complaints
If you’d like to know more about deferred maintenance and “The Hidden Cost of Doing Nothing,” check it out here.
Remember: Prompt maintenance isn’t just an expense. It’s an investment in your property’s future.
I hope that helps. We’ll catch you next time.
Making life easier for landlords is what we do.
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