Kinds of Rental Property Maintenance

Engaging in a rental property investment is not just about collecting the monthly rents and getting profits. There are many responsibilities that you have to do as a landlord and one of the tough one is maintaining the condition of the property. A property usually generates four kinds of maintenance.

Things such as exterior painting of wood siding to prevent deterioration and checking the condition of chimney to avoid fire are what we call preventive maintenance. Preventive maintenance is being performed periodically to preserve the condition of the property and prevent more serious damage to the structure of your property. While, things like mowing the lawn and trimming the hedges are classified as routine maintenance. This is done from time to time as a matter of maintenance. Moreover, when your tenant called up for fixing the clogged sink or leaky faucet that is a corrective maintenance. This is performed to fix or repair something and restore its good working condition. Lastly, the exterior job you should have done as preventive maintenance can turn out as an item of deferred maintenance if you disregard it and didn't do it. Deferred maintenance is a maintenance that should have been performed but failed to be done. This type of maintenance once seen by your prospect tenants or buyers could lessen both the sale and rental value of your house. From a landlord's point of view, deferred maintenance that is unseen could end up to expensive repairs or turn into a safety issue. From a seller's standpoint, deferred maintenance that is not observable can be seen once the buyer has a home inspection done; this can reduce the value of the property. It can also be counted as a safety issue that must be disclosed to potential buyer.

As a landlord you must realize the importance of property maintenance. It is crucial in making your tenants feel satisfied in renting your house. And it is significant in preserving the condition of the equipments and your house.