If the rental property you own is a brand new home, you might be able to get away with little-to-no maintenance costs for a whole year. After that? Don’t take your chances. Other Indianapolis property management companies might tell you that the best way to save money on maintenance costs is to only fix things when they break, and not worry about it otherwise. But at Real Property Management Indianapolis Edge, we know that the best way to lower your maintenance costs is to prepare for the worst, so you’re covered no matter what happens. Here are a few of our suggestions on how to reduce maintenance costs and also keep your tenants happy.
Set Aside Money
Rental property owners should set aside the equivalent of one or two month’s rent to pay for maintenance expenses. By putting money away little by little, you will avoid racking up bills on your credit card or shelling out the big bucks for major repairs.
Familiarize Yourself with Your Property
Take the extra time to get to know the quirks and traits of your property before tenants move in. Does the door to the garage have a hard time shutting when the temperature is cold? Does the dishwasher make a weird noise if it’s running in the evening? Are there shingles on the roof that are coming loose? Note down the items in and around your property that may not need to be replaced yet, but might in the near future.
Respond Immediately to Your Tenant’s Concerns
Unlike other property management companies, Indianapolis landlords know they can trust the experts at Real Property Management Indianapolis Edge to listen and respond to their tenant’s needs quickly and efficiently. We take care of the problem as soon as possible, making sure you are in compliance with all regulations. For instance, if an appliance such as the refrigerator breaks, you usually have anywhere from 14-30 days to arrange to have it repaired or replaced. It’s a good idea to have a list of handymen or companies you trust to take care of the repair for you.
Out of all the property management companies Indianapolis has to offer, only Real Property Management Indianapolis Edge has the experience and knowledge to help you succeed as a rental property owner, while also keeping your maintenance costs down. You can also rely on our experts to be on call 24/7 for your tenant’s maintenance issues. Our team has streamlined the maintenance process to ensure no phone call from a tenant goes unanswered.
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