No matter how much you screen your tenants, the truth of the matter is, landlords will probably spend some time cleaning up after tenants when they vacate a rental property. But a little elbow grease is nothing compared to the cost of repairing property damage. Whether the result of bad tenant behavior or normal wear and tear, dealing with damage costs time and money!
SAY GOODBYE TO CARPET Carpets are easily stained or ruined by negligent tenants or pets. Even after an expensive carpet cleaning, there can be lingering smells and stains. Rather than replacing carpets every few years, try installing more durable flooring like tile, laminate or vinyl. These materials are easier to clean and can last longer in a rental property.
PAINT WITH A SATIN SHEEN Interior paint with a satin sheen provides a slightly reflective surface but is excellent at resisting mildew, dirt, and stains, lowering the need to repaint walls in between tenants. Other great types of paint for rental properties include semi-gloss or gloss sheens, which can both tolerate getting scrubbed cleaned.
SIMPLIFY YOUR LANDSCAPE Luscious lawns and colorful flower beds may increase your property’s curb appeal but the upkeep to maintain the beauty costs time and money. If your tenants don’t maintain the grounds, you could spend a lot of repetitive hours re-planting flowers or reseeding a lawn. Unless you plan to always rent to a master gardener, skip the high maintenance outdoor space for simple, easy-to-manage options. Landlords can also consider including yard maintenance in the monthly rental fee.
MONITOR IMPORTANT APPLIANCES Service large appliances regularly to prevent damage from poor operation. Trying to save money on appliances can cost you more in the long run when something eventually breaks or requires emergency maintenance.
Preventing property damage by installing low maintenance fixtures can make turnovers between tenants easier to manage and less expensive.
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As a landlord or property manager, you likely find yourself inside your tenant’s home at least a few times a year. There are annual inspections and the occasional maintenance call. Maybe you’ve promised to make an ...
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Being a landlord in 2020 has proven to be difficult, especially when it comes to the enforcement of a residential lease. I have preached the word "empathy" as a landlord ...
5 Reasons You Don't Want to Be a Landlord of Multiple Properties
Being a hands-on landlord is not the dream gig it is made out to be. It can be hell, and it can be a lot less profitable than many real estate gurus make it out to be especially when you ...
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