Once you’ve made a real estate investment, the work doesn’t end—especially if you intend to rent out your property. Managing and maintaining your property is a huge responsibility, and it’s essential to do it right. Proper property maintenance keeps tenants happy and protects your investment long-term, ensuring that the property is in good shape should you ever decide to sell.
This refers to upkeep related to a property’s exterior—also known as grounds maintenance—including cleaning of a building’s exterior, roof gutters, and drains. It also includes landscaping and gardening, repairs, snow removal in common areas, and graffiti removal.
Property maintenance includes pest or rodent control and removal, as well as preventative measures (like timely trash removal—see below).
For those that own multi-unit properties, this includes the upkeep (repairs and cleanliness) of common areas such as stairways, hallways, mail rooms.
The separation and removal of trash and recycling is an important part of preventive maintenance for pest control. Professional property managers are experts in local management and collection laws which can save you from paying costly city waste collection fees.
This includes keeping the plumbing, electrical, and HVAC systems in working order for all units and common areas, and making repairs quickly when they’re needed.
Safety checks include checking and maintenance of smoke detectors and carbon monoxide detectors. They also cover proactive inspections of electrical and mechanical systems and periodic safety inspections of the property and grounds.
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