Managing Property Maintenance
The first experience many rental property landlords have with property management companies is their search for property maintenance services.
Of course, property maintenance services range from esoteric lawn cutting to technical building & equipment repair. You may have to screen many companies before you find the right mix of services, skils and price you need.
The service of property maintenance is vital to keeping property assets in good condition and to keep tenants leased. Homeowners associations, multifamily developments and even house rental landlords need a property maintenance strategy to avoid big losses, maintain equity, and keep tenants happy.
Value of Property Maintenance Services
- increased property value as assets kept in good working condition
- extends the working life of HVAC, laundry appliances, flooring, roofing, windows, building structures
- reduced costs for emergency repairs, staff time spent, fees, extra financing, and replacements
- save on unscheduled repairs, contractor fees,
- better control of assets and less stress from the unexpected
For the public and for many landlords, property maintenance is property management. Yet, these are actually two separate activities.
Property maintenance includes multifaceted services which we discuss below. Nice to know that you can hire a property maintenance services firm, and integrate them with your property management software. Let’s discuss all you need to know to improve how you manage maintenance services.
What is Property Maintenance?
Property maintenance includes caring for the landscape, building mechanical equipment and infrastructure, roadways, shared areas of buildings, and exterior elements. The benefits include avoiding fires, floods, disease transmission, bylaw infractions, and avoiding tenant injuries and lawsuits.
The services provided for apartment building managers is quite different from HOA managers or a cluster of single-detached house rentals.
It’s essential to review your property and equipment maintenance needs, and find a property maintenance company with the right skills and certifications. Reviewing the property management company post might help you hire the right property maintenance company.