Remove Contractors Remove Maintenance Remove Utilities
article thumbnail

Don’t get caught off-guard: Forecasting tips for on-time, on-budget rental property maintenance

Buildium

Whether you’re new to forecasting rental property maintenance costs or simply looking to improve, this guide has you covered. Property Condition: A property’s maintenance history plays a big role in its repair needs. If your properties are in a hurricane-prone area, for instance, they may require regular storm-prep maintenance.

article thumbnail

HVAC Preventative Maintenance for Single-Family Rental Properties

Lula

.” Managing single-family rental (SFR) properties comes with unique challenges, particularly when it comes to balancing tenant satisfaction with property maintenance. One area that’s frequently overlooked but crucial for long-term cost efficiency is the maintenance of HVAC systems.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Essential Advice for Property Managers: Tips and Strategies for Success

BetterWho

Be Proactive : Address maintenance requests promptly to build trust and avoid costly repairs. Efficient Maintenance Strategies Regular upkeep is the backbone of successful property management. Schedule Routine Inspections : Use the best property manager apps to track and schedule maintenance tasks.

article thumbnail

Essential Advice for Property Managers: Tips and Strategies for Success

BetterWho

Be Proactive : Address maintenance requests promptly to build trust and avoid costly repairs. Efficient Maintenance Strategies Regular upkeep is the backbone of successful property management. Schedule Routine Inspections : Use the best property manager apps to track and schedule maintenance tasks.

article thumbnail

Navigating the Storm: Effective Crisis Management for Rental Properties

Real Property Management Evertrust

Unexpected crises – an inevitable tragedy, protracted power outage, or emergency maintenances – can create major disruptions for rental properties. Cooperate with your insurance company and reputable contractors to make sure fixes are executed correctly.

article thumbnail

PART 1: Why the Vendor Bidding Process Is Broken (and What It’s Costing Property Managers)

Fourandhalf

Maybe you have in-house maintenance folks who are taking all of these bids and working on the information. All of that labor comes with no guarantee that those bids are even getting done, and those are hours that can be utilized elsewhere in your business. It could be a director or an asset manager or an office manager.

article thumbnail

Top 5 Mistakes New Landlords Make and How to Avoid Them

Real Property Management Evertrust

Underestimating the Costs of Maintenance The Mistake: Some new landlords think the rent they collect is pure profit, forgetting to budget for inevitable repairs and maintenance. The Fix: Budget for ongoing and unexpected maintenance. Preventative maintenance can also save you money in the long run.

Landlord 130