You need a guide to maintaining your rental real estate if you are reading this. Property maintenance is a necessary part of any commercial real estate. With rentals, it is vital to improve your relationship with your tenants. It can also help you raise property values and keep your tenants accident-free.
Whether new to owning rentals or having been at them for years, you need to know the basics for creating your maintenance plan. Here is what you need to know to understand rental real estate maintenance properly.
What is it?
Property maintenance is any task you take to ensure your properties are safe and clean so a real estate agent can list them. Generally, this includes cleaning shared spaces and fixing any issues. Since you own the building, it is your responsibility to ensure maintenance gets done. Depending on the property’s size, you may want to do these tasks yourself or hire a team to perform them. Either way, a maintenance schedule is necessary.
What does it entail?
Property maintenance entails anything designed to keep your building safe and habitable. While you might not find yourself changing lightbulbs for your tenants, you will need to repair and maintain all the major systems.
Use this guide to help you get started planning your maintenance schedule. Performing maintenance regularly ensures your reputation as a landlord is intact. It can also help you uphold any housing quality standards to avoid legal problems with your tenants. That can make your job as a commercial real estate owner more straightforward.