7 Rental Property Maintenance Tips for Beginner Investors - PowerPoint PPT Presentation

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7 Rental Property Maintenance Tips for Beginner Investors

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Maintenance – when it comes to a consistent flow of repairing, all actions are necessary to keep a business in good condition, especially in a rental property. As an owner of an investment property, you are responsible for ensuring that a tenant can live comfortably. If you are searching for a professional property manager then visit our website.  – PowerPoint PPT presentation

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Title: 7 Rental Property Maintenance Tips for Beginner Investors


1
WELCOME
TO
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7 Rental Property Maintenance Tips for Beginner
Investors
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Maintenance when it comes to a consistent flow
of repairing, all actions are necessary to keep
a business in good condition, especially in a
rental property. As an owner of an investment
property, you are responsible for ensuring that a
tenant can live comfortably. This does not only
mean that objects which are broken must be
repaired or replaced but also periodic
inspection and the care of elements that can
wear out. The Australian government has
determined that it is the responsibility of the
landlord for rental property maintenance. Here,
we are sharing 7 tips for rental property
maintenance that must be followed if you want to
attract tenants.
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1. Get to know about your rental property
As a landlord, you must be aware of the
condition of your property. Do you know what is
going well and what not with your property? Do
you talk to your tenants at periodic intervals?
It is always wise to stay updated and take the
required steps at the right time. For instance,
do not wait for the water pipes to leak when
they are a little cracked. Get it fixed before
it starts to overflow. When you are aware of
your property, the chances of such happenings
will not arise.
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2. Minor maintenance for the tenant
Minor maintenance is understood to mean tasks
that can be easily performed by a tenant and
that cost little. Examples include securing
loose parts, oiling hinges or venting the
central heating system. All matters fall under
minor maintenance, and therefore tenant can do
without asking the landlord. Things that have
broken down at the hands of the tenant must
also be repaired by the tenant himself. So, you
can have a healthy conversation with tenants on
the things they fix by themselves.
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3. Major maintenance for the landlord
Maintenance that is more difficult to carry out
or involves a lot of costs is automatically at
the expense of the landlord. Examples of this
are the exterior painting, the maintenance
of built-in appliances and the replacement of the
central heating boiler. This does not only
concern repairs of things that are broken but
also work to keep the house in good condition.
Think of painting the garden fence before wood
rot occurs. Of course, as the owner of a home,
you also want the property to remain in good
condition. It is therefore advisable to draw up
a maintenance plan. In it, you record which
major and minor maintenance must be carried out
in a certain period. A property manager is
helpful to plan out things and track the record
of all the costs.
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4. Take care of legal responsibilities
  • When considering some repairing or replacement
    work in the property, the landlord should take
    care of the legal liabilities. Before visiting
    the property for inspection or repair work, you
    must give notice to the tenants. You should only
    drop at the time when the tenants are fine
    otherwise, it wont be convenient for them.

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5. Take Help of Professionals When Required
This one is important to take into account. Do
not work too much with rental maintenance. Recogni
ze the fixes that need expert service. It is
best to know what you can do by yourself and
where you need the help of pros. Thus, you will
be able to complete the repairing work quickly.
Be transparent with the tenants about how much
time the maintenance would take, so theyll be
ready instead of being annoyed.
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6. Be smart
This rental property maintenance tips is going
to be a huge money saver for the landlord. All
you need is to work smart and dont invest in
the things that will cost you in the long
run. Use power-smart bulbs and led lights that
will help you in saving electricity bills.
Invest in water-saving taps and
environment-friendly items. Taking care of these
things will not only help you in saving energy
bills, but they also need less maintenance as
compared to non- environment friendly objects.
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7. Hire an Expert Property Manager
Managing a rental property needs a lot of work.
Being a landlord, you do not want to miss out on
anything, be it repairing work or collecting the
rent. A property manager will be your right
helping hand in this. Hiring a professional
property manager means you can stay carefree
about your investment. A pro- property manager
will do the required inspections, consider all
the rental maintenance work and make sure that
the repairing is done on time. If you are
thinking about how a property manager will help
you with all the management, we have shared that
in our next blog. Keep reading!
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GET IN TOUCH
Address 41/1470 Ferntree Gully Rd, Knoxfield
VIC 3180, Australia Toll Free (61) 452 054
470 Email dj_at_knoxpropertyexperts.com.au Content
Resource https//djrealestate.com.au/blog/7-
rental-property-maintenance-tips-for-beginner-inve
stors/
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