No matter how you look at it, preventative maintenance beats reactive maintenance. In the long run, regular maintenance can potentially save you a good amount of cash in repair costs.
If you are a Centennial landlord, here are 9 top rental property maintenance tips and strategies.
Tip #1: Check for Water Damage and Leaks
If left unsolved, ongoing leaks could damage the walls and even result in the growth of mold and mildew. In addition, water leakage is the number one cause of foundation damage.
Soft spots in the walls, on the roof, and in the ceiling are oftentimes signs of water damage. Also, check signs of water damage around toilets, windows, and showers. Don’t forget to check under the water heaters, sinks, and boilers as well.
If you spot any signs of water damage and leaks, get the problem fixed as soon as possible. With water, the longer you wait to get the problem repaired the worse the problem gets.
Tip #2: Check to See If Air Filters Need Replacement
Air filters get dirty faster than you think, particularly with pets and seasonal allergens clogging them up. Thus, a great home maintenance tip would be to get in a habit of cleaning them regularly. This will help them function efficiently and smoothly.
A blocked or clogged filter can damage your air conditioning system. At this point, you will most certainly require professional services. This cost could have easily been avoided if you had regularly checked them.
Tip #3: Consider Repainting Your Rental Property
Did you know that it’s a tax-deductible expense? Most Centennial property owners are unaware it is.
It’s amazing what a fresh coat of paint can do to a building. Painting your property can be a great way to protect your investment, beautify your home, and add value to it. Best of all, a can of paint costs about $25.
Picking the right paint color is key. Neutral color especially works great for rental properties.
Tip #4: Check the Grout Between Tiles and Shower Caulking
Over time, tiles crack and caulk around the tub loosens up. The moment this happens, your waterproofing will become compromised. Soon, you may begin to notice signs of water damage.
To avoid this, add inspecting your tiles and shower caulking to your rental property maintenance checklist. If you notice any issues, call a professional immediately.
Tip #5: Check for Pest Infestations
As a Centennial property owner, you probably know that it’s your responsibility to adhere to habitability laws. This means that you have to ensure that your property is livable, safe, and clean for tenants.
If you don’t, your renters have the legal right to move out without having further rent obligations. If this happens, you will, needless to say, be losing a huge profit.
Even if your property isn’t infested with pests, it’s still necessary to perform a bi-monthly extermination. This will save you tons of cash down the road.
While the extermination can be a DIY project, it’s better to leave it to professionals.
Tip #6: Check the Smoke and Carbon Monoxide Detectors Regularly
Did you know that about 150 people in the U.S die from carbon monoxide poisoning every year?
This odorless poisoning is more common in the winter months when windows are closed and furnaces, fireplaces, and heaters are in use. These deaths are one hundred percent avoidable.
Regular maintenance to your rental property will help you detect issues before they become serious. If your devices are battery operated, then you should change the batteries once annually. For detectors that are plugged into an outlet, you should test them once every month.
Generally speaking, smoke and carbon detectors usually last five to seven years before they require replacement.
Tip #7: Flush the Water Heater
As a rule of thumb, water heaters should be drained once or twice a year. This helps remove the minerals and debris that have accumulated inside over time.
Too much buildup of sediment can reduce the water heater’s efficiency and can cause the drain valve to clog. Left unaddressed, this problem could get worse and become expensive to fix.
Tip #8: Clean the Gutters
Gutters can easily become clogged with leaves and other debris. As such, you need to inspect them routinely.
When gutters are clogged, they can cause water leakage. The trapped water can then damage your siding, roof, and foundation.
Although this home maintenance tip is useful, regular cleaning of your gutters can be daunting. So, consider buying gutter guards Gutter guards need less frequent cleanings because they prevent debris build-up.
Many different types are available. They include reverse-curve, mesh screens, perforated, foam, and brushes.
Tip #9: Seal Leaky Doors and Windows
Lastly, make sure to seal leaky doors and windows. Leaky doors and windows can be costing you big $$$ in lost cooling and heating expenses.
These home/rental property maintenance tips can help you catch small problems early before they turn into large expenses. Besides, they will help your home maintain low running costs, stay structurally sound, and retain its full value.