Money-Saving Maintenance for Property Owners

by limniospropertygroup | 25. October 2018 14:29

Owning rental property means keeping up on routine maintenance so your investment continues to pay off each year. Landlords who reinvest a portion of their rental income into performing routine maintenance will keep their properties in great condition and their tenants happy. Plus, taking preventative measures will help you nip small problems in the bud before they turn into large expenses!

1. Yearly Termite Inspections

Owning a rental property is not always sunshine and flowers – in fact, dealing with pesky bugs and lingering maintenance issues are common occurrences for property owners, no matter the season or suburb. Pest inspections should be conducted yearly, as even if there are no signs of a current insect problem, like white ants, you want to prevent such problems from occurring in the future.

While it is possible to purchase exterminating supplies yourself, this task is usually best left to a professional. This preventative property maintenance is a much cheaper option than the cost of damage to your property and ongoing repairs.

4. Service Your Air Conditioner Every Year

A yearly service for your air conditioner can help prevent the air duct from becoming contaminated. Dirty air filters can increase your utility bill by causing the system to work harder, which can lead to costly malfunctions. If clogged, the ducts will usually need to be professionally cleaned, and that is an expense you as a landlord can easily avoid with regular routine services.

5. Clean the Gutters

It’s important to┬áhave the gutters on your rental property cleaned before and after the colder months. Winter winds can bring with it debris that become trapped in gutters, resulting in possible damage to roofs and home interiors if a leak occurs.

6. Landlord’s Insurance

The cost of taking out Landlord Protection Insurance is minimal when it comes to safeguarding your income and investment property. As one of the most valuable assets you might own, it’s important knowing how to protect it and choosing the right kind of cover for you. Our Property Management team is your go-to source of knowledge, and will take you through the steps of choosing the most appropriate insurance to suit your property and needs.

Attending to routine, preventative maintenance whilst preparing your property for seasonal weather changes will save you both time and money, as well as prolong the performance of your investment. It’s important to treat your rental property as you would the home you live in, and look after your tenants so that they will in turn treat your property with care and respect.

There’s no better time than now to speak to your Property Manager about planning ahead for the coming year. It’s important to remain proactive with your property and maintenance, as taking preventative measures are guaranteed to save you time, money and stress than fixing a problem when it’s too late!

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