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Escape The Money Pit: 4 Ways To Lower Your Property Maintenance Costs

Property maintenance costs in Natick, MA come with challenges that make it hard to keep expenses down. However, maintaining your property in order to keep it in pristine, rentable condition is something that every investment property owner in Natick needs to do. The good news is that with a little planning and some smart decisions, taking good care of your property doesn’t have to require significant effort.  Just change your habits and work smart by partnering with the professionals at Real Property Management MetroBoston.  Located in the heart of Natick, we are perfectly positioned to help property owners keep costs in check while maintaining high tenant satisfaction.  Here are 4 ways Real Property Management MetroBoston helps property owners.

  • Budget. Budget. Budget.

Experience proves that emergency expenses happen.  We can help you plan and prepare financially for the inevitable.  Also, of course, renters routinely submit maintenance requests. The worst thing you can do as an investment property owner is to be caught unprepared for an emergency or maintenance request. Set aside some money every month so you’ll be ready for it. Additionally, by using that fund to pay for repairs, you can keep your property maintenance costs low by keeping payments like this off of an interest- accruing credit card.

  • Know your Law and Order.

Be aware of which repairs require federally- or state-regulated service.  Many repairs do require a licensed professional with credentials, and you do not want to find yourself on the wrong  side of the law. Furthermore, most repairs require documentation of the communication between the landlord and tenant in order to avoid lawsuits. The quick fix may be tempting in the short run, but always check the rules and regulations before you dive into anything!  Avoiding the proper channels can cost you far more than you had allotted for property maintenance costs.

  • Answer the phone.

There is nothing that replaces a real human being on the other end of a maintenance or emergency call.  When your tenant calls, pick up the phone – no matter when it is. If you respond promptly to your maintenance requests, you’ll have happy tenants. Even better, you’ll have the opportunity to take care of any problem before they become larger issues. That means a well-kept property that will attract quality tenants for years to come. Your reputation as an accessible landlord will always serve you well.

  • Get ready for a showing.

When you switch tenants, it’s a good idea to do all the little stuff before you put the home back up for a showing. That means check every light fixture, along with filters, do a detailed clean, including carpets and windows, as well as the maintenance on all of the utilities and HVAC. Regular turnover maintenance can go a long way in keeping your home in the best possible condition over the years.

There you have it – our tips to help keep your property management costs low. What are some of the strategies you employ to lower your property management costs?

 

 

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